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2021-12-30

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2021-12-30

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Who Invented Covid-19 Vaccines? Drugmakers Battle Over Patents<blockquote>谁发明了新冠肺炎疫苗？制药商争夺专利</blockquote>

2021-12-30

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ISIG Stock Alert: 7 Things to Know About Red-Hot Insignia Systems<blockquote>ISIG股票警报：关于炙手可热的Insignia Systems需要了解的7件事</blockquote>

2021-12-30

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2021-12-30

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2021-12-28

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2021-12-28

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3 Best Long-Term Stocks For Investors In 2022<blockquote>2022年最适合投资者的3只长期股票</blockquote>

2021-12-28

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Stock Pickers Are Struggling to Beat the Market<blockquote>选股者正在努力战胜市场</blockquote>

2021-12-27

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GameStop Is ‘Very Early in Its Transformation.’ Its Stock Could Tumble.<blockquote>游戏驿站“正处于转型的早期阶段”。其股价可能会暴跌。</blockquote>

2021-12-27

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Apple Stock: What Happens After The Santa Claus Rally?<blockquote>苹果股票：圣诞老人集会后会发生什么？</blockquote>

2021-12-27

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Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>

2021-12-25

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2021-12-25

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Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>

2021-12-25

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2021-12-25

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2021-12-23

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2021-12-23

$Apple(AAPL)$go go go

2021-12-23

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2021-12-14

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2021-12-14

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Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>

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Drugmakers Battle Over Patents<blockquote>谁发明了新冠肺炎疫苗？制药商争夺专利</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1143463942","media":"WSJ","summary":"A high-stakes legal battle is taking shape over lucrative patent rights for Covid-19 vaccines, with ","content":"<p><html><head></head><body>A high-stakes legal battle is taking shape over lucrative patent rights for Covid-19 vaccines, with drug companies pitted against each other and government and academic scientists over who invented what.</p><p><blockquote><html><head></head><body>一场围绕利润丰厚的Covid-19疫苗专利权的高风险法律战正在形成，制药公司之间以及政府和学术科学家之间就谁发明了什么展开了激烈的竞争。</body></html></blockquote></p><p>The U.S. government andModernaInc., whose collaboration led to one of the most widely used shots, have fought over who discovered a key component and owns its rights. Meantime,PfizerInc. and BioNTech SE, makers of another leading vaccine, are in a patent battle with a smaller company, and some analysts think they could end up facing off against Moderna.</p><p><blockquote>美国政府和ModernaInc.的合作导致了最广泛使用的镜头之一，他们一直在争夺谁发现了一个关键组件并拥有其权利。与此同时，辉瑞公司。另一种领先疫苗的制造商BioNTech SE正在与一家规模较小的公司进行专利战，一些分析师认为他们最终可能会与Moderna对抗。</blockquote></p><p>At the heart of the disputes: Who can claim to have invented important elements of the Covid-19 vaccines?</p><p><blockquote>争议的核心是：谁可以声称发明了新冠肺炎疫苗的重要元素？</blockquote></p><p>Hundreds of millions of dollars are at stake. If anyone succeeds in establishing a role in the discovery of the vaccines, Pfizer and Moderna would have to share with others a bigger cut of the tens of billions of dollars in vaccine sales being generated.</p><p><blockquote>数亿美元危在旦夕。如果有人成功地在疫苗的发现中发挥作用，辉瑞和Moderna将不得不与其他公司分享数百亿美元疫苗销售额中的更大份额。</blockquote></p><p>“It’s scientific credit and money. That’s what people want,” said Jacob Sherkow, a professor who specializes in biotechnology intellectual property at the University of Illinois College of Law. “This is a major biotech invention, for which tens of billions of dollars are riding on the line.”</p><p><blockquote>伊利诺伊大学法学院专门研究生物技术知识产权的教授Jacob Sherkow说：“这是科学信用和金钱。这是人们想要的。”“这是一项重大的生物技术发明，价值数百亿美元。”</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/391659260599217c12076cea6c888697\" tg-width=\"1007\" tg-height=\"668\" width=\"100%\" height=\"auto\"/><span>The market for Covid-19 vaccines has proven to be bigger than initially expected.PHOTO:AMIR HAMJA FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>事实证明，Covid-19疫苗市场比最初预期的要大。照片：《华尔街日报》的AMIR HAMJA</span></p></blockquote></p><p>The emerging patent disputes cast a shadow over what has otherwise been a remarkable scientific, government and business accomplishment: the development of several effective Covid-19 vaccines at unprecedented speed, during a pandemic.</p><p><blockquote>新出现的专利纠纷给原本非凡的科学、政府和商业成就蒙上了阴影：在疫情期间，以前所未有的速度开发了几种有效的新冠肺炎疫苗。</blockquote></p><p>Who deserves credit for medical discoveries has long been a battleground for companies, academia and government. Patents are especially valuable in the pharmaceutical industry because they can give a company the exclusive right to sell a drug or vaccine for many years, free from generic competition.</p><p><blockquote>谁应该为医学发现获得荣誉长期以来一直是公司、学术界和政府的战场。专利在制药行业尤其有价值，因为它们可以赋予公司多年独家销售药物或疫苗的权利，不受仿制药竞争的影响。</blockquote></p><p>They can also be valuable to scientists—and the universities and government labs they work for—if a drug company licenses a patent and pays royalties on sales. Princeton University built a $278 million chemistry lab using royalties from sales ofEli Lilly&amp; Co.’s cancer drug Alimta, based on research by a university professor.</p><p><blockquote>如果制药公司许可专利并支付销售特许权使用费，它们对科学家以及他们工作的大学和政府实验室也很有价值。普林斯顿大学根据一位大学教授的研究，利用礼来公司抗癌药物Alimta的销售特许权使用费建造了一个耗资2.78亿美元的化学实验室。</blockquote></p><p>Yet the disputes can be hard to sort out because they involve who gets credit for complicated research that often builds upon a series of iterative discoveries.</p><p><blockquote>然而，这些争议可能很难解决，因为它们涉及到谁在复杂的研究中获得荣誉，而这些研究往往建立在一系列迭代发现的基础上。</blockquote></p><p>Multi-company patent battles have erupted in the past over lucrative new drug markets, such as treatments for hepatitis C in the mid-2010s.</p><p><blockquote>过去，多公司因利润丰厚的新药市场而爆发过专利战，例如2010年代中期的丙型肝炎治疗药物。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/125cd1b51bc213c732cc20b023d56df3\" tg-width=\"1352\" tg-height=\"734\" width=\"100%\" height=\"auto\"/><span>Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere.PHOTO:PFIZER/ASSOCIATED PRESS</span></p><p><blockquote><p class=\"t-img-caption\"><span>辉瑞、BioNTech和Moderna已经为其疫苗的销售支付了特许权使用费，因为它们部分依赖于其他地方进行的研究。照片：辉瑞/美联社</span></p></blockquote></p><p>The market for Covid-19 vaccines has proven to be bigger than Wall Street initially expected. Pfizer and Moderna have booked a combined $35 billion in Covid-19 vaccine sales globally for the first nine months of 2021.</p><p><blockquote>事实证明，Covid-19疫苗的市场比华尔街最初预期的要大。辉瑞和Moderna在2021年前9个月的新冠肺炎疫苗全球销售额总计350亿美元。</blockquote></p><p>Analysts estimate the two vaccines will post combined sales of more than $52 billion in 2022, helped by demand for booster shots.</p><p><blockquote>分析师估计，在加强注射需求的帮助下，这两种疫苗到2022年的总销售额将超过520亿美元。</blockquote></p><p>Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere. Both BioNTech and Moderna previously licensed patents on messenger RNA research conducted by scientists at the University of Pennsylvania, and BioNTech has licensed a patent from the federal government, for which Pfizer has a sub-license. Moderna paid out $400 million in royalties, including to companies that hold the rights to the Penn patents, on sales of its Covid-19 vaccine for the first nine months of 2021.</p><p><blockquote>辉瑞、BioNTech和Moderna已经为其疫苗的销售支付了特许权使用费，因为它们部分依赖于其他地方进行的研究。BioNTech和Moderna之前都获得了宾夕法尼亚大学科学家进行的信使RNA研究的专利许可，BioNTech已经获得了联邦政府的专利许可，辉瑞对此拥有分许可。Moderna在2021年前9个月的Covid-19疫苗销售中支付了4亿美元的特许权使用费，包括向拥有宾夕法尼亚大学专利权的公司支付的特许权使用费。</blockquote></p><p>One dispute stems from Moderna’s decision to deny a National Institutes of Health request to list government scientists as co-inventors on the company’s application for a U.S. patent covering a key component of its Covid-19 vaccine.</p><p><blockquote>其中一个争议源于Moderna决定拒绝美国国立卫生研究院提出的将政府科学家列为该公司申请的美国专利的共同发明人的请求，该专利涵盖了其Covid-19疫苗的一个关键成分。</blockquote></p><p>The patent would have claimed the invention of a genetic sequence incorporated into the Moderna vaccine to trigger an immune response against the coronavirus. The dispute was earlier reported by the New York Times.</p><p><blockquote>该专利将要求发明一种基因序列，该基因序列被整合到Moderna疫苗中，以引发针对冠状病毒的免疫反应。《纽约时报》早些时候报道了这场争端。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/841b456b86547fecd4464e1358e26c20\" tg-width=\"1298\" tg-height=\"684\" width=\"100%\" height=\"auto\"/><span>A lab inside a Moderna facility. The company says only its scientists came up with the messenger RNA sequence for its Covid-19 vaccine.PHOTO:MADDIE MALHOTRA FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>Moderna设施内的实验室。该公司表示，只有其科学家提出了其Covid-19疫苗的信使RNA序列。照片：《华尔街日报》的MADDIE MALHOTRA</span></p></blockquote></p><p></p><p>Moderna was working with the NIH on vaccine research for a few years before the novel coronavirus emerged, and they collaborated in developing and testing the Covid-19 vaccine soon after the pandemic began.</p><p><blockquote>在新型冠状病毒出现之前，Moderna与NIH合作进行了几年的疫苗研究，在大流行开始后不久，他们就合作开发和测试了Covid-19疫苗。</blockquote></p><p>Moderna said it has credited government scientists on other patent applications related to its vaccine, such as one covering dosing, but government scientists didn’t help invent the genetic sequence used in the vaccine.</p><p><blockquote>Moderna表示，它已将与其疫苗相关的其他专利申请归功于政府科学家，例如一项涵盖剂量的专利申请，但政府科学家并没有帮助发明疫苗中使用的基因序列。</blockquote></p><p>Moderna said only its scientists came up with the messenger RNA sequence, which instructs the body’s cells to make a version of the spike protein found on the surface of the coronavirus and triggers the immune response.</p><p><blockquote>Moderna表示，只有其科学家提出了信使RNA序列，该序列指示人体细胞制造冠状病毒表面发现的刺突蛋白的一个版本，并触发免疫反应。</blockquote></p><p>This month,Moderna dropped the patent application, saying it wanted to allow more time for discussions with the NIH aimed at an amicable resolution.</p><p><blockquote>本月，Moderna放弃了专利申请，称希望有更多时间与NIH进行讨论，以达成友好解决方案。</blockquote></p><p>The NIH said it welcomed the opportunity to work with the company to resolve patent issues in a way that recognizes the contribution of NIH scientists.</p><p><blockquote>NIH表示，欢迎有机会与该公司合作，以认可NIH科学家贡献的方式解决专利问题。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3380b351f910af68ef191b100997c93\" tg-width=\"957\" tg-height=\"615\" width=\"100%\" height=\"auto\"/><span>Both Pfizer-BioNTech and Moderna’s mRNA vaccines use versions of the genetic sequence of the coronavirus spike protein.PHOTO:CYRIL MARCILHACY/BLOOMBERG NEWS</span></p><p><blockquote><p class=\"t-img-caption\"><span>辉瑞-BioNTech和Moderna的mRNA疫苗都使用冠状病毒刺突蛋白的基因序列版本。照片：CYRIL MARCILHACY/彭博新闻</span></p></blockquote></p><p>A second dispute could emerge over an NIH patent for an engineered version of the coronavirus spike protein. The engineered spike protein helps a vaccine induce a stronger immune response. Versions of the genetic sequence of the spike protein are found in mRNA vaccines, including Moderna’s and Pfizer’s.</p><p><blockquote>第二个争议可能会出现在美国国立卫生研究院的冠状病毒刺突蛋白工程版本的专利上。工程刺突蛋白有助于疫苗诱导更强的免疫反应。在mRNA疫苗中发现了刺突蛋白基因序列的版本，包括Moderna和辉瑞。</blockquote></p><p>Vaccine makers, including Pfizer and partner BioNTech, obtained a license to the NIH patent, but Moderna hasn’t.</p><p><blockquote>包括辉瑞和合作伙伴BioNTech在内的疫苗制造商获得了NIH专利的许可，但Moderna尚未获得。</blockquote></p><p>As long as Moderna doesn’t have a license, its vaccine infringes upon the NIH patent, according to Christopher Morten, associate clinical professor of law at Columbia Law School who researches biotech and other patents. He has estimated Moderna could be on the hook to pay more than $1 billion to the government for infringing the patent.</p><p><blockquote>哥伦比亚法学院研究生物技术和其他专利的临床法学副教授克里斯托弗·莫滕(Christopher Morten)表示，只要Moderna没有许可证，其疫苗就侵犯了NIH的专利。他估计Moderna可能会因侵犯专利而向政府支付超过10亿美元。</blockquote></p><p>Moderna didn’t respond to a request for comment regarding the patent.</p><p><blockquote>Moderna没有回应有关该专利的置评请求。</blockquote></p><p>Both Pfizer and Moderna already are engaged in patent battles with other companies in connection with their vaccines.</p><p><blockquote>辉瑞和Moderna都已经在与其他公司就其疫苗展开专利战。</blockquote></p><p>In October 2020, a small San Diego company, Allele Biotechnology &amp; Pharmaceuticals, sued Pfizer and BioNTech, saying the companies were using a protein in their vaccine testing that infringed on an Allele patent.</p><p><blockquote>2020年10月，圣地亚哥的一家小公司Allele Biotechnology&amp;Pharmaceuticals起诉辉瑞和BioNTech，称两家公司在疫苗测试中使用了一种侵犯Allele专利的蛋白质。</blockquote></p><p>Pfizer and BioNTech dispute the claim, and the litigation is pending.</p><p><blockquote>辉瑞和BioNTech对这一说法提出异议，诉讼正在审理中。</blockquote></p><p>Before the pandemic, Moderna initiated a U.S. patent-office proceeding to invalidate patents held by Arbutus BiopharmaCorp.Those claim the invention of certain nanoparticles, like the kind found in Moderna’s Covid-19 vaccine, which help deliver a vaccine’s RNA inside human cells.</p><p><blockquote>在大流行之前，Moderna向美国专利局提起诉讼，宣布Arbutus BiopharmaCorp持有的专利无效。他们声称发明了某些纳米颗粒，例如Moderna的Covid-19疫苗中发现的纳米颗粒，有助于将疫苗的RNA输送到人体细胞内。</blockquote></p><p>Moderna said it uses its own proprietary nanoparticles, which aren’t covered by the claims in the Arbutus patents.</p><p><blockquote>Moderna表示，它使用自己专有的纳米颗粒，这些颗粒不在Arbutus专利的权利要求范围内。</blockquote></p><p>A Moderna loss could ultimately cause the company to pay royalties to Arbutus, according to some analysts. A U.S. appeals court on Dec. 1 upheld some of the Arbutus patent claims. Arbutus and a partner company that licensed the patents said they are pleased with the court’s decision.</p><p><blockquote>一些分析师表示，Moderna的亏损最终可能会导致该公司向Arbutus支付特许权使用费。12月1日，美国上诉法院维持了杨梅的部分专利主张。Arbutus和一家获得专利许可的合作公司表示，他们对法院的裁决感到满意。</blockquote></p><p>More patent lawsuits could arise. Last year, Moderna said it wouldn’t enforce patents related to its Covid-19 vaccine while the pandemic emergency continued, but would seek to license its patents to other companies once the pandemic emergency is over.</p><p><blockquote>更多的专利诉讼可能会出现。去年，Moderna表示，在大流行紧急情况持续期间，它不会执行与其Covid-19疫苗相关的专利，但一旦大流行紧急情况结束，它将寻求将其专利授权给其他公司。</blockquote></p><p>That prospect has left open the possibility that Moderna could file patent-infringement lawsuits against other companies, including Pfizer and BioNTech, if they don’t agree on license terms, according to some patent experts and Wall Street analysts.</p><p><blockquote>一些专利专家和华尔街分析师表示，如果包括辉瑞和BioNTech在内的其他公司未能就许可条款达成一致，这种前景留下了Moderna可能会对它们提起专利侵权诉讼的可能性。</blockquote></p><p>A Pfizer spokeswoman said the company doesn’t expect intellectual property to be a barrier to the availability of its vaccine. The company expects that any desired third-party licenses would be available on reasonable terms.</p><p><blockquote>辉瑞发言人表示，该公司预计知识产权不会成为其疫苗上市的障碍。该公司预计任何所需的第三方许可证都可以以合理的条款获得。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Who Invented Covid-19 Vaccines? Drugmakers Battle Over Patents<blockquote>谁发明了新冠肺炎疫苗？制药商争夺专利</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWho Invented Covid-19 Vaccines? Drugmakers Battle Over Patents<blockquote>谁发明了新冠肺炎疫苗？制药商争夺专利</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-12-30 10:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>A high-stakes legal battle is taking shape over lucrative patent rights for Covid-19 vaccines, with drug companies pitted against each other and government and academic scientists over who invented what.</p><p><blockquote><html><head></head><body>一场围绕利润丰厚的Covid-19疫苗专利权的高风险法律战正在形成，制药公司之间以及政府和学术科学家之间就谁发明了什么展开了激烈的竞争。</body></html></blockquote></p><p>The U.S. government andModernaInc., whose collaboration led to one of the most widely used shots, have fought over who discovered a key component and owns its rights. Meantime,PfizerInc. and BioNTech SE, makers of another leading vaccine, are in a patent battle with a smaller company, and some analysts think they could end up facing off against Moderna.</p><p><blockquote>美国政府和ModernaInc.的合作导致了最广泛使用的镜头之一，他们一直在争夺谁发现了一个关键组件并拥有其权利。与此同时，辉瑞公司。另一种领先疫苗的制造商BioNTech SE正在与一家规模较小的公司进行专利战，一些分析师认为他们最终可能会与Moderna对抗。</blockquote></p><p>At the heart of the disputes: Who can claim to have invented important elements of the Covid-19 vaccines?</p><p><blockquote>争议的核心是：谁可以声称发明了新冠肺炎疫苗的重要元素？</blockquote></p><p>Hundreds of millions of dollars are at stake. If anyone succeeds in establishing a role in the discovery of the vaccines, Pfizer and Moderna would have to share with others a bigger cut of the tens of billions of dollars in vaccine sales being generated.</p><p><blockquote>数亿美元危在旦夕。如果有人成功地在疫苗的发现中发挥作用，辉瑞和Moderna将不得不与其他公司分享数百亿美元疫苗销售额中的更大份额。</blockquote></p><p>“It’s scientific credit and money. That’s what people want,” said Jacob Sherkow, a professor who specializes in biotechnology intellectual property at the University of Illinois College of Law. “This is a major biotech invention, for which tens of billions of dollars are riding on the line.”</p><p><blockquote>伊利诺伊大学法学院专门研究生物技术知识产权的教授Jacob Sherkow说：“这是科学信用和金钱。这是人们想要的。”“这是一项重大的生物技术发明，价值数百亿美元。”</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/391659260599217c12076cea6c888697\" tg-width=\"1007\" tg-height=\"668\" width=\"100%\" height=\"auto\"/><span>The market for Covid-19 vaccines has proven to be bigger than initially expected.PHOTO:AMIR HAMJA FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>事实证明，Covid-19疫苗市场比最初预期的要大。照片：《华尔街日报》的AMIR HAMJA</span></p></blockquote></p><p>The emerging patent disputes cast a shadow over what has otherwise been a remarkable scientific, government and business accomplishment: the development of several effective Covid-19 vaccines at unprecedented speed, during a pandemic.</p><p><blockquote>新出现的专利纠纷给原本非凡的科学、政府和商业成就蒙上了阴影：在疫情期间，以前所未有的速度开发了几种有效的新冠肺炎疫苗。</blockquote></p><p>Who deserves credit for medical discoveries has long been a battleground for companies, academia and government. Patents are especially valuable in the pharmaceutical industry because they can give a company the exclusive right to sell a drug or vaccine for many years, free from generic competition.</p><p><blockquote>谁应该为医学发现获得荣誉长期以来一直是公司、学术界和政府的战场。专利在制药行业尤其有价值，因为它们可以赋予公司多年独家销售药物或疫苗的权利，不受仿制药竞争的影响。</blockquote></p><p>They can also be valuable to scientists—and the universities and government labs they work for—if a drug company licenses a patent and pays royalties on sales. Princeton University built a $278 million chemistry lab using royalties from sales ofEli Lilly&amp; Co.’s cancer drug Alimta, based on research by a university professor.</p><p><blockquote>如果制药公司许可专利并支付销售特许权使用费，它们对科学家以及他们工作的大学和政府实验室也很有价值。普林斯顿大学根据一位大学教授的研究，利用礼来公司抗癌药物Alimta的销售特许权使用费建造了一个耗资2.78亿美元的化学实验室。</blockquote></p><p>Yet the disputes can be hard to sort out because they involve who gets credit for complicated research that often builds upon a series of iterative discoveries.</p><p><blockquote>然而，这些争议可能很难解决，因为它们涉及到谁在复杂的研究中获得荣誉，而这些研究往往建立在一系列迭代发现的基础上。</blockquote></p><p>Multi-company patent battles have erupted in the past over lucrative new drug markets, such as treatments for hepatitis C in the mid-2010s.</p><p><blockquote>过去，多公司因利润丰厚的新药市场而爆发过专利战，例如2010年代中期的丙型肝炎治疗药物。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/125cd1b51bc213c732cc20b023d56df3\" tg-width=\"1352\" tg-height=\"734\" width=\"100%\" height=\"auto\"/><span>Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere.PHOTO:PFIZER/ASSOCIATED PRESS</span></p><p><blockquote><p class=\"t-img-caption\"><span>辉瑞、BioNTech和Moderna已经为其疫苗的销售支付了特许权使用费，因为它们部分依赖于其他地方进行的研究。照片：辉瑞/美联社</span></p></blockquote></p><p>The market for Covid-19 vaccines has proven to be bigger than Wall Street initially expected. Pfizer and Moderna have booked a combined $35 billion in Covid-19 vaccine sales globally for the first nine months of 2021.</p><p><blockquote>事实证明，Covid-19疫苗的市场比华尔街最初预期的要大。辉瑞和Moderna在2021年前9个月的新冠肺炎疫苗全球销售额总计350亿美元。</blockquote></p><p>Analysts estimate the two vaccines will post combined sales of more than $52 billion in 2022, helped by demand for booster shots.</p><p><blockquote>分析师估计，在加强注射需求的帮助下，这两种疫苗到2022年的总销售额将超过520亿美元。</blockquote></p><p>Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere. Both BioNTech and Moderna previously licensed patents on messenger RNA research conducted by scientists at the University of Pennsylvania, and BioNTech has licensed a patent from the federal government, for which Pfizer has a sub-license. Moderna paid out $400 million in royalties, including to companies that hold the rights to the Penn patents, on sales of its Covid-19 vaccine for the first nine months of 2021.</p><p><blockquote>辉瑞、BioNTech和Moderna已经为其疫苗的销售支付了特许权使用费，因为它们部分依赖于其他地方进行的研究。BioNTech和Moderna之前都获得了宾夕法尼亚大学科学家进行的信使RNA研究的专利许可，BioNTech已经获得了联邦政府的专利许可，辉瑞对此拥有分许可。Moderna在2021年前9个月的Covid-19疫苗销售中支付了4亿美元的特许权使用费，包括向拥有宾夕法尼亚大学专利权的公司支付的特许权使用费。</blockquote></p><p>One dispute stems from Moderna’s decision to deny a National Institutes of Health request to list government scientists as co-inventors on the company’s application for a U.S. patent covering a key component of its Covid-19 vaccine.</p><p><blockquote>其中一个争议源于Moderna决定拒绝美国国立卫生研究院提出的将政府科学家列为该公司申请的美国专利的共同发明人的请求，该专利涵盖了其Covid-19疫苗的一个关键成分。</blockquote></p><p>The patent would have claimed the invention of a genetic sequence incorporated into the Moderna vaccine to trigger an immune response against the coronavirus. The dispute was earlier reported by the New York Times.</p><p><blockquote>该专利将要求发明一种基因序列，该基因序列被整合到Moderna疫苗中，以引发针对冠状病毒的免疫反应。《纽约时报》早些时候报道了这场争端。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/841b456b86547fecd4464e1358e26c20\" tg-width=\"1298\" tg-height=\"684\" width=\"100%\" height=\"auto\"/><span>A lab inside a Moderna facility. The company says only its scientists came up with the messenger RNA sequence for its Covid-19 vaccine.PHOTO:MADDIE MALHOTRA FOR THE WALL STREET JOURNAL</span></p><p><blockquote><p class=\"t-img-caption\"><span>Moderna设施内的实验室。该公司表示，只有其科学家提出了其Covid-19疫苗的信使RNA序列。照片：《华尔街日报》的MADDIE MALHOTRA</span></p></blockquote></p><p></p><p>Moderna was working with the NIH on vaccine research for a few years before the novel coronavirus emerged, and they collaborated in developing and testing the Covid-19 vaccine soon after the pandemic began.</p><p><blockquote>在新型冠状病毒出现之前，Moderna与NIH合作进行了几年的疫苗研究，在大流行开始后不久，他们就合作开发和测试了Covid-19疫苗。</blockquote></p><p>Moderna said it has credited government scientists on other patent applications related to its vaccine, such as one covering dosing, but government scientists didn’t help invent the genetic sequence used in the vaccine.</p><p><blockquote>Moderna表示，它已将与其疫苗相关的其他专利申请归功于政府科学家，例如一项涵盖剂量的专利申请，但政府科学家并没有帮助发明疫苗中使用的基因序列。</blockquote></p><p>Moderna said only its scientists came up with the messenger RNA sequence, which instructs the body’s cells to make a version of the spike protein found on the surface of the coronavirus and triggers the immune response.</p><p><blockquote>Moderna表示，只有其科学家提出了信使RNA序列，该序列指示人体细胞制造冠状病毒表面发现的刺突蛋白的一个版本，并触发免疫反应。</blockquote></p><p>This month,Moderna dropped the patent application, saying it wanted to allow more time for discussions with the NIH aimed at an amicable resolution.</p><p><blockquote>本月，Moderna放弃了专利申请，称希望有更多时间与NIH进行讨论，以达成友好解决方案。</blockquote></p><p>The NIH said it welcomed the opportunity to work with the company to resolve patent issues in a way that recognizes the contribution of NIH scientists.</p><p><blockquote>NIH表示，欢迎有机会与该公司合作，以认可NIH科学家贡献的方式解决专利问题。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3380b351f910af68ef191b100997c93\" tg-width=\"957\" tg-height=\"615\" width=\"100%\" height=\"auto\"/><span>Both Pfizer-BioNTech and Moderna’s mRNA vaccines use versions of the genetic sequence of the coronavirus spike protein.PHOTO:CYRIL MARCILHACY/BLOOMBERG NEWS</span></p><p><blockquote><p class=\"t-img-caption\"><span>辉瑞-BioNTech和Moderna的mRNA疫苗都使用冠状病毒刺突蛋白的基因序列版本。照片：CYRIL MARCILHACY/彭博新闻</span></p></blockquote></p><p>A second dispute could emerge over an NIH patent for an engineered version of the coronavirus spike protein. The engineered spike protein helps a vaccine induce a stronger immune response. Versions of the genetic sequence of the spike protein are found in mRNA vaccines, including Moderna’s and Pfizer’s.</p><p><blockquote>第二个争议可能会出现在美国国立卫生研究院的冠状病毒刺突蛋白工程版本的专利上。工程刺突蛋白有助于疫苗诱导更强的免疫反应。在mRNA疫苗中发现了刺突蛋白基因序列的版本，包括Moderna和辉瑞。</blockquote></p><p>Vaccine makers, including Pfizer and partner BioNTech, obtained a license to the NIH patent, but Moderna hasn’t.</p><p><blockquote>包括辉瑞和合作伙伴BioNTech在内的疫苗制造商获得了NIH专利的许可，但Moderna尚未获得。</blockquote></p><p>As long as Moderna doesn’t have a license, its vaccine infringes upon the NIH patent, according to Christopher Morten, associate clinical professor of law at Columbia Law School who researches biotech and other patents. He has estimated Moderna could be on the hook to pay more than $1 billion to the government for infringing the patent.</p><p><blockquote>哥伦比亚法学院研究生物技术和其他专利的临床法学副教授克里斯托弗·莫滕(Christopher Morten)表示，只要Moderna没有许可证，其疫苗就侵犯了NIH的专利。他估计Moderna可能会因侵犯专利而向政府支付超过10亿美元。</blockquote></p><p>Moderna didn’t respond to a request for comment regarding the patent.</p><p><blockquote>Moderna没有回应有关该专利的置评请求。</blockquote></p><p>Both Pfizer and Moderna already are engaged in patent battles with other companies in connection with their vaccines.</p><p><blockquote>辉瑞和Moderna都已经在与其他公司就其疫苗展开专利战。</blockquote></p><p>In October 2020, a small San Diego company, Allele Biotechnology &amp; Pharmaceuticals, sued Pfizer and BioNTech, saying the companies were using a protein in their vaccine testing that infringed on an Allele patent.</p><p><blockquote>2020年10月，圣地亚哥的一家小公司Allele Biotechnology&amp;Pharmaceuticals起诉辉瑞和BioNTech，称两家公司在疫苗测试中使用了一种侵犯Allele专利的蛋白质。</blockquote></p><p>Pfizer and BioNTech dispute the claim, and the litigation is pending.</p><p><blockquote>辉瑞和BioNTech对这一说法提出异议，诉讼正在审理中。</blockquote></p><p>Before the pandemic, Moderna initiated a U.S. patent-office proceeding to invalidate patents held by Arbutus BiopharmaCorp.Those claim the invention of certain nanoparticles, like the kind found in Moderna’s Covid-19 vaccine, which help deliver a vaccine’s RNA inside human cells.</p><p><blockquote>在大流行之前，Moderna向美国专利局提起诉讼，宣布Arbutus BiopharmaCorp持有的专利无效。他们声称发明了某些纳米颗粒，例如Moderna的Covid-19疫苗中发现的纳米颗粒，有助于将疫苗的RNA输送到人体细胞内。</blockquote></p><p>Moderna said it uses its own proprietary nanoparticles, which aren’t covered by the claims in the Arbutus patents.</p><p><blockquote>Moderna表示，它使用自己专有的纳米颗粒，这些颗粒不在Arbutus专利的权利要求范围内。</blockquote></p><p>A Moderna loss could ultimately cause the company to pay royalties to Arbutus, according to some analysts. A U.S. appeals court on Dec. 1 upheld some of the Arbutus patent claims. Arbutus and a partner company that licensed the patents said they are pleased with the court’s decision.</p><p><blockquote>一些分析师表示，Moderna的亏损最终可能会导致该公司向Arbutus支付特许权使用费。12月1日，美国上诉法院维持了杨梅的部分专利主张。Arbutus和一家获得专利许可的合作公司表示，他们对法院的裁决感到满意。</blockquote></p><p>More patent lawsuits could arise. Last year, Moderna said it wouldn’t enforce patents related to its Covid-19 vaccine while the pandemic emergency continued, but would seek to license its patents to other companies once the pandemic emergency is over.</p><p><blockquote>更多的专利诉讼可能会出现。去年，Moderna表示，在大流行紧急情况持续期间，它不会执行与其Covid-19疫苗相关的专利，但一旦大流行紧急情况结束，它将寻求将其专利授权给其他公司。</blockquote></p><p>That prospect has left open the possibility that Moderna could file patent-infringement lawsuits against other companies, including Pfizer and BioNTech, if they don’t agree on license terms, according to some patent experts and Wall Street analysts.</p><p><blockquote>一些专利专家和华尔街分析师表示，如果包括辉瑞和BioNTech在内的其他公司未能就许可条款达成一致，这种前景留下了Moderna可能会对它们提起专利侵权诉讼的可能性。</blockquote></p><p>A Pfizer spokeswoman said the company doesn’t expect intellectual property to be a barrier to the availability of its vaccine. The company expects that any desired third-party licenses would be available on reasonable terms.</p><p><blockquote>辉瑞发言人表示，该公司预计知识产权不会成为其疫苗上市的障碍。该公司预计任何所需的第三方许可证都可以以合理的条款获得。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/who-invented-covid-vaccines-11640726776?mod=business_lead_pos1\">WSJ</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","PFE":"辉瑞","BNTX":"BioNTech SE"},"source_url":"https://www.wsj.com/articles/who-invented-covid-vaccines-11640726776?mod=business_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143463942","content_text":"A high-stakes legal battle is taking shape over lucrative patent rights for Covid-19 vaccines, with drug companies pitted against each other and government and academic scientists over who invented what.The U.S. government andModernaInc., whose collaboration led to one of the most widely used shots, have fought over who discovered a key component and owns its rights. Meantime,PfizerInc. and BioNTech SE, makers of another leading vaccine, are in a patent battle with a smaller company, and some analysts think they could end up facing off against Moderna.At the heart of the disputes: Who can claim to have invented important elements of the Covid-19 vaccines?Hundreds of millions of dollars are at stake. If anyone succeeds in establishing a role in the discovery of the vaccines, Pfizer and Moderna would have to share with others a bigger cut of the tens of billions of dollars in vaccine sales being generated.“It’s scientific credit and money. That’s what people want,” said Jacob Sherkow, a professor who specializes in biotechnology intellectual property at the University of Illinois College of Law. “This is a major biotech invention, for which tens of billions of dollars are riding on the line.”The market for Covid-19 vaccines has proven to be bigger than initially expected.PHOTO:AMIR HAMJA FOR THE WALL STREET JOURNALThe emerging patent disputes cast a shadow over what has otherwise been a remarkable scientific, government and business accomplishment: the development of several effective Covid-19 vaccines at unprecedented speed, during a pandemic.Who deserves credit for medical discoveries has long been a battleground for companies, academia and government. Patents are especially valuable in the pharmaceutical industry because they can give a company the exclusive right to sell a drug or vaccine for many years, free from generic competition.They can also be valuable to scientists—and the universities and government labs they work for—if a drug company licenses a patent and pays royalties on sales. Princeton University built a $278 million chemistry lab using royalties from sales ofEli Lilly& Co.’s cancer drug Alimta, based on research by a university professor.Yet the disputes can be hard to sort out because they involve who gets credit for complicated research that often builds upon a series of iterative discoveries.Multi-company patent battles have erupted in the past over lucrative new drug markets, such as treatments for hepatitis C in the mid-2010s.Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere.PHOTO:PFIZER/ASSOCIATED PRESSThe market for Covid-19 vaccines has proven to be bigger than Wall Street initially expected. Pfizer and Moderna have booked a combined $35 billion in Covid-19 vaccine sales globally for the first nine months of 2021.Analysts estimate the two vaccines will post combined sales of more than $52 billion in 2022, helped by demand for booster shots.Pfizer, BioNTech and Moderna already pay royalties on sales of their vaccines because they rely in part on research conducted elsewhere. Both BioNTech and Moderna previously licensed patents on messenger RNA research conducted by scientists at the University of Pennsylvania, and BioNTech has licensed a patent from the federal government, for which Pfizer has a sub-license. Moderna paid out $400 million in royalties, including to companies that hold the rights to the Penn patents, on sales of its Covid-19 vaccine for the first nine months of 2021.One dispute stems from Moderna’s decision to deny a National Institutes of Health request to list government scientists as co-inventors on the company’s application for a U.S. patent covering a key component of its Covid-19 vaccine.The patent would have claimed the invention of a genetic sequence incorporated into the Moderna vaccine to trigger an immune response against the coronavirus. The dispute was earlier reported by the New York Times.A lab inside a Moderna facility. The company says only its scientists came up with the messenger RNA sequence for its Covid-19 vaccine.PHOTO:MADDIE MALHOTRA FOR THE WALL STREET JOURNALModerna was working with the NIH on vaccine research for a few years before the novel coronavirus emerged, and they collaborated in developing and testing the Covid-19 vaccine soon after the pandemic began.Moderna said it has credited government scientists on other patent applications related to its vaccine, such as one covering dosing, but government scientists didn’t help invent the genetic sequence used in the vaccine.Moderna said only its scientists came up with the messenger RNA sequence, which instructs the body’s cells to make a version of the spike protein found on the surface of the coronavirus and triggers the immune response.This month,Moderna dropped the patent application, saying it wanted to allow more time for discussions with the NIH aimed at an amicable resolution.The NIH said it welcomed the opportunity to work with the company to resolve patent issues in a way that recognizes the contribution of NIH scientists.Both Pfizer-BioNTech and Moderna’s mRNA vaccines use versions of the genetic sequence of the coronavirus spike protein.PHOTO:CYRIL MARCILHACY/BLOOMBERG NEWSA second dispute could emerge over an NIH patent for an engineered version of the coronavirus spike protein. The engineered spike protein helps a vaccine induce a stronger immune response. Versions of the genetic sequence of the spike protein are found in mRNA vaccines, including Moderna’s and Pfizer’s.Vaccine makers, including Pfizer and partner BioNTech, obtained a license to the NIH patent, but Moderna hasn’t.As long as Moderna doesn’t have a license, its vaccine infringes upon the NIH patent, according to Christopher Morten, associate clinical professor of law at Columbia Law School who researches biotech and other patents. He has estimated Moderna could be on the hook to pay more than $1 billion to the government for infringing the patent.Moderna didn’t respond to a request for comment regarding the patent.Both Pfizer and Moderna already are engaged in patent battles with other companies in connection with their vaccines.In October 2020, a small San Diego company, Allele Biotechnology & Pharmaceuticals, sued Pfizer and BioNTech, saying the companies were using a protein in their vaccine testing that infringed on an Allele patent.Pfizer and BioNTech dispute the claim, and the litigation is pending.Before the pandemic, Moderna initiated a U.S. patent-office proceeding to invalidate patents held by Arbutus BiopharmaCorp.Those claim the invention of certain nanoparticles, like the kind found in Moderna’s Covid-19 vaccine, which help deliver a vaccine’s RNA inside human cells.Moderna said it uses its own proprietary nanoparticles, which aren’t covered by the claims in the Arbutus patents.A Moderna loss could ultimately cause the company to pay royalties to Arbutus, according to some analysts. A U.S. appeals court on Dec. 1 upheld some of the Arbutus patent claims. Arbutus and a partner company that licensed the patents said they are pleased with the court’s decision.More patent lawsuits could arise. Last year, Moderna said it wouldn’t enforce patents related to its Covid-19 vaccine while the pandemic emergency continued, but would seek to license its patents to other companies once the pandemic emergency is over.That prospect has left open the possibility that Moderna could file patent-infringement lawsuits against other companies, including Pfizer and BioNTech, if they don’t agree on license terms, according to some patent experts and Wall Street analysts.A Pfizer spokeswoman said the company doesn’t expect intellectual property to be a barrier to the availability of its vaccine. The company expects that any desired third-party licenses would be available on reasonable terms.","news_type":1,"symbols_score_info":{"MRNA":0.9,"PFE":0.9,"BNTX":0.9}},"isVote":1,"tweetType":1,"viewCount":2988,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692304996,"gmtCreate":1640838598433,"gmtModify":1640838599877,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Pls like&nbsp;","listText":"Pls like&nbsp;","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692304996","repostId":"1106665007","repostType":4,"repost":{"id":"1106665007","kind":"news","pubTimestamp":1640833702,"share":"https://www.laohu8.com/m/news/1106665007?lang=zh_CN&edition=full","pubTime":"2021-12-30 11:08","market":"us","language":"en","title":"ISIG Stock Alert: 7 Things to Know About Red-Hot Insignia Systems<blockquote>ISIG股票警报：关于炙手可热的Insignia Systems需要了解的7件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106665007","media":"InvestorPlace","summary":"One of the short-squeeze favorites that’s been absolutely tearing up the market of late is Insignia ","content":"<p><div> One of the short-squeeze favorites that’s been absolutely tearing up the market of late is Insignia Systems(NASDAQ:ISIG). Today, ISIG stock is up more than 20%, surging on impressive volume once again...</p><p><blockquote><div>Insignia Systems（纳斯达克股票代码：ISIG）是最近彻底撕裂市场的轧空热门公司之一。今天，ISIG股票上涨了20%以上，成交量再次飙升...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ISIG Stock Alert: 7 Things to Know About Red-Hot Insignia Systems<blockquote>ISIG股票警报：关于炙手可热的Insignia Systems需要了解的7件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nISIG Stock Alert: 7 Things to Know About Red-Hot Insignia Systems<blockquote>ISIG股票警报：关于炙手可热的Insignia Systems需要了解的7件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-30 11:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> One of the short-squeeze favorites that’s been absolutely tearing up the market of late is Insignia Systems(NASDAQ:ISIG). Today, ISIG stock is up more than 20%, surging on impressive volume once again...</p><p><blockquote><div>Insignia Systems（纳斯达克股票代码：ISIG）是最近彻底撕裂市场的轧空热门公司之一。今天，ISIG股票上涨了20%以上，成交量再次飙升...</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/\">InvestorPlace</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/12/isig-stock-alert-7-things-to-know-about-red-hot-insignia-systems/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106665007","content_text":"One of the short-squeeze favorites that’s been absolutely tearing up the market of late is Insignia Systems(NASDAQ:ISIG). Today, ISIG stock is up more than 20%, surging on impressive volume once again.This move follows some rather impressive momentum this week. Indeed, Insignia Systems is a stock that has more than doubled since Monday.As we reported yesterday, Insignia Systems is now in the crosshairs of retail investors. This is a stock with a short interest ratio that remains elevated. Currently, this ratio sits at around 62%, an increase from yesterday.Given this stocks’ relatively low float and low price per share, short squeeze enthusiasts have jumped on Insignia Systems as a top short squeeze candidate. Social media interest remains high around Insignia Systems. Indeed, this smaller-cap stock, with a market capitalization of $41 million at the time of writing, is relatively unknown by the masses.That said, for those intrigued by the recent moves in this stock, let’s dive into a few things investors may want to know.What to Know About ISIG StockInsignia Systems is a company providing a suite of marketing solutions for consumer packaged goods brands.This Minneapolis-based company was founded in 1990.Insignia Systems’ products are aimed at retail-focused brands.Accordingly, investors banking on a rebound in retail activity coming out of this pandemic may like how ISIG stock is positioned.Additionally, Insignia Systems provides digital advertising solutions to its clientele.This combination of services has made Insignia Systems an intriguing growth stock for retail investors.Year-to-date, ISIG stock has been a 3-bagger for investors.","news_type":1,"symbols_score_info":{"ISIG":0.9}},"isVote":1,"tweetType":1,"viewCount":3869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692305490,"gmtCreate":1640838579206,"gmtModify":1640838580655,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls 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pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696236556","repostId":"2194480174","repostType":4,"isVote":1,"tweetType":1,"viewCount":4002,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696236646,"gmtCreate":1640700470593,"gmtModify":1640700472039,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696236646","repostId":"1149386026","repostType":4,"repost":{"id":"1149386026","kind":"news","pubTimestamp":1640694214,"share":"https://www.laohu8.com/m/news/1149386026?lang=zh_CN&edition=full","pubTime":"2021-12-28 20:23","market":"us","language":"en","title":"3 Best Long-Term Stocks For Investors In 2022<blockquote>2022年最适合投资者的3只长期股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1149386026","media":"Seeking Alpha","summary":"Summary\n\n2022 promises to be another exciting year for investors.\nDiversity is the name of the game,","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>2022 promises to be another exciting year for investors.</li>  <li>Diversity is the name of the game, and these long-term picks could provide market-beating returns for years to come.</li>  <li>Happy New Year, everyone!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a9e76c4c4780ab466238eb117b49289\" tg-width=\"1536\" tg-height=\"1178\" width=\"100%\" height=\"auto\"><span>vzphotos/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>2022年对于投资者来说又是激动人心的一年。</li><li>多元化是游戏的名称，这些长期选择可以在未来几年提供跑赢市场的回报。</li><li>大家新年快乐！</li></ul><p class=\"t-img-caption\"><span>vzphotos/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>What Are The Best Long-Term Stocks For 2022?</b></p><p><blockquote><b>2022年最好的长期股票有哪些？</b></blockquote></p><p> A new year will bring new challenges and opportunities for investors. Inflation, interest rates, bubbles, COVID-19 variants, the FTC, new technologies, transformative companies, record buybacks, high yields, and other variables promise to make this an exciting time. With this in mind, diversity is an integral part of a well-rounded portfolio for long-term investors. For this reason, I have chosen three picks from different baskets and include a rock-solid REIT pick, VICI Properties (VICI), a Big Tech pick, Alphabet (GOOG/GOOGL), and a dividend stalwart selection, AbbVie (ABBV).</p><p><blockquote>新的一年将为投资者带来新的挑战和机遇。通货膨胀、利率、泡沫、新冠肺炎变种、联邦贸易委员会、新技术、变革型公司、创纪录的回购、高收益率和其他变量有望使这成为一个激动人心的时刻。考虑到这一点，多元化是长期投资者全面投资组合不可或缺的一部分。出于这个原因，我从不同的篮子中选择了三个选择，包括坚如磐石的房地产投资信托基金VICI Properties(VICI)、大型科技公司Alphabet(GOOG/GOOGL)和股息坚定的选择艾伯维(ABBV)）。</blockquote></p><p> <b>VICI Properties</b></p><p><blockquote><b>VICI物业</b></blockquote></p><p> VICI is a real estate investment trust (REIT) with properties dedicated to gaming and entertainment. It has properties nationwide, including on the Las Vegas Strip. VICI was initially formed as a spinoff of Caesars Entertainment (CZR) in 2017. More than 30% of its current exposure is to the Las Vegas Strip, and this will increase with the acquisition of MGM Growth Properties (MGP).</p><p><blockquote>VICI是一家房地产投资信托基金(REIT)，拥有专门用于游戏和娱乐的物业。它在全国范围内都有房产，包括拉斯维加斯大道。VICI最初于2017年由凯撒娱乐(CZR)分拆而成。目前超过30%的风险敞口位于拉斯维加斯大道，随着收购米高梅增长地产(MGP)，这一比例将会增加。</blockquote></p><p> Banks in the U.S. are required to undergo stress tests if they meet specific requirements. These tests are designed to ensure that they can function in the case of a financial calamity. VICI went through its own ultimate stress test in the Spring of 2020 and passed with flying colors. The entire Las Vegas Strip was shut for a period, and properties around the country were also profoundly affected. VICI's share price cratered during this time.</p><p><blockquote>如果美国的银行满足特定要求，则需要接受压力测试。这些测试旨在确保它们在发生金融灾难时能够发挥作用。VICI在2020年春天经历了自己的终极压力测试，并出色地通过了。整个拉斯维加斯大道关闭了一段时间，全国各地的房产也受到了严重影响。在此期间，VICI的股价暴跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af10a5ccc2e464f90377c2ecdc1daef2\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The company's revenue, however, actually went up. The adjusted funds from operations also increased in 2020.</p><p><blockquote>然而，该公司的收入实际上有所上升。2020年调整后的运营资金也有所增加。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ab088ba648174cb1ba043317b320833\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Looking at the chart above, one would never suspect a calamity in gaming was going on during this time. VICI actually increased the dividend in Q2 2020.</p><p><blockquote>看着上面的图表，人们永远不会怀疑这段时间游戏中正在发生一场灾难。VICI实际上在2020年第二季度增加了股息。</blockquote></p><p> VICI is currently yielding a very safe 5%. The dividend has just been raised in Q3 2021 from $0.33 quarterly per share to $0.36. VICI has raised the dividend each year since its inception, and this should continue. VICI reports that 97% of its long-term rental agreements include escalators tied to inflation. When the consumer price index (CPI) rises, so do the rents. In this way, VICI is a 5% yielding inflation hedge with a rising dividend and accretive acquisition closing soon. In short, an excellent pick for long-term investors.</p><p><blockquote>VICI目前的收益率为非常安全的5%。2021年第三季度股息刚刚从每股0.33美元上调至0.36美元。VICI自成立以来每年都会提高股息，而且这种情况应该会继续下去。VICI报告称，其97%的长期租赁协议包括与通货膨胀挂钩的自动扶梯。当消费者价格指数（CPI）上涨时，租金也会上涨。通过这种方式，VICI是一种收益率为5%的通胀对冲工具，股息不断上升，增值收购即将完成。简而言之，这是长期投资者的绝佳选择。</blockquote></p><p> <b>Google</b></p><p><blockquote><b>谷歌</b></blockquote></p><p> Google is growing revenues prolifically and across multiple segments. The company had a brilliant 2021, and this momentum should carry on into 2022.</p><p><blockquote>谷歌在多个领域的收入正在大幅增长。该公司在2021年表现出色，这种势头应该会持续到2022年。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38f55f1ce9052097365fec82389e9484\" tg-width=\"640\" tg-height=\"261\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> As shown, revenue over the trailing twelve months (TTMs) has reached $239 billion, easily surpassing fiscal 2020 revenue of $183 billion. Growth slowed a bit in 2020 as advertisers cut back on spending; however, this came roaring back in 2021.</p><p><blockquote>如图所示，过去12个月(TTMs)的收入已达到2,390亿美元，轻松超过2020财年1,830亿美元的收入。由于广告商削减支出，2020年增长略有放缓；然而，这种情况在2021年卷土重来。</blockquote></p><p> In addition, margins are increasing.</p><p><blockquote>此外，利润率也在提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18ecf2c9613b853ad984e9bd95e640a9\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> Over the TTMs, Google has posted an EBITDA margin of 36%. This is excellent profitability. Much of this can be attributed to increased revenue for cloud services and YouTube. These segments have substantial expansion potential and should serve long-term investors well. News of the FTC cracking down on AWS could be welcome news to Google shareholders.</p><p><blockquote>在TTMs中，谷歌的EBITDA利润率为36%。这是出色的盈利能力。这在很大程度上可以归因于云服务和YouTube收入的增加。这些细分市场具有巨大的扩张潜力，应该为长期投资者提供良好的服务。联邦贸易委员会打击AWS的消息对谷歌股东来说可能是个好消息。</blockquote></p><p> Google also has some of the best valuation metrics of the Big Tech giants, as shown below.</p><p><blockquote>谷歌还拥有一些大型科技巨头的最佳估值指标，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2975bf5e7bc0ec98f52cfc0fda52b63\" tg-width=\"635\" tg-height=\"515\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>AbbVie</b></p><p><blockquote><b>艾伯维</b></blockquote></p><p></p><p> AbbVie has been an excellent dividend growth stock for many years, and this is likely to continue. Because of the concerns over the Humira franchise patent cliffs, and other potential legislation regarding drug prices, AbbVie often trades at a discount. Investors who watch for dips can be rewarded handsomely. I discussed this in further detail&nbsp;in this previous article.</p><p><blockquote>多年来，艾伯维一直是一只出色的股息增长股票，而且这种情况可能会持续下去。由于对修美乐特许经营专利悬崖以及其他有关药品价格的潜在立法的担忧，艾伯维经常以折扣价进行交易。逢低观望的投资者可以获得丰厚的回报。我在上一篇文章中对此进行了更详细的讨论。</blockquote></p><p> Biosimilars for Humira are coming to U.S. markets in 2023. This will likely cut the revenues AbbVie receives from Humira in half in the first year, judging by the results of introducing biosimilars in Europe. AbbVie has made several moves to get ahead of this in recent periods, including developing new drugs, expanding treatment options for existing drugs, and expanding the product line through acquisition. Examples include Rinvoq and the Allergan acquisition. As of Q1 2020, Humira made up over 54% of all revenue for AbbVie. This was down to 36% by Q2 2021, while total revenue rose considerably.</p><p><blockquote>修美乐的生物仿制药将于2023年进入美国市场。从在欧洲引入生物仿制药的结果来看，这可能会使艾伯维第一年从修美乐获得的收入减少一半。艾伯维最近一段时间采取了多项举措来实现这一目标，包括开发新药、扩大现有药物的治疗选择以及通过收购扩大产品线。例子包括Rinvoq和Allergan收购。截至2020年第一季度，修美乐占艾伯维总收入的54%以上。到2021年第二季度，这一比例降至36%，而总收入大幅增长。</blockquote></p><p> AbbVie's dividend is safe, with a payout ratio below 50%. It has also been raised for eight consecutive years. The five-year dividend growth rate is near 18%. This makes AbbVie an excellent pick for long-term dividend growth investors.</p><p><blockquote>艾伯维的股息是安全的，派息率低于50%。也是连续8年上调。五年股息增长率接近18%。这使得艾伯维成为长期股息增长投资者的绝佳选择。</blockquote></p><p> <b>Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> VICI, Google, and AbbVie are stellar companies with extremely positive long-term potential. Each provides an investor's portfolio with different exposure and different potential. VICI is a tested gaming giant with a rising dividend and inflation protection. Google is as solid as they come with much upside and more limited risk than some in Big Tech due to the lower valuation. AbbVie is a dividend-producing machine where investors can snag a higher yield based on moderate risks. The three combined can be part of the bedrock of a well-rounded investment portfolio.</p><p><blockquote>VICI、谷歌和艾伯维都是具有极其积极的长期潜力的明星公司。每一种都为投资者的投资组合提供了不同的风险敞口和不同的潜力。VICI是一家久经考验的游戏巨头，拥有不断增长的股息和通胀保护。由于估值较低，谷歌与一些大型科技公司相比，其上涨空间很大，风险也更有限。艾伯维是一台产生股息的机器，投资者可以在适度风险的基础上获得更高的收益率。这三者结合起来可以成为全面投资组合的基石。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Best Long-Term Stocks For Investors In 2022<blockquote>2022年最适合投资者的3只长期股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Best Long-Term Stocks For Investors In 2022<blockquote>2022年最适合投资者的3只长期股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Seeking Alpha</strong><span class=\"h-time small\">2021-12-28 20:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>2022 promises to be another exciting year for investors.</li>  <li>Diversity is the name of the game, and these long-term picks could provide market-beating returns for years to come.</li>  <li>Happy New Year, everyone!</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a9e76c4c4780ab466238eb117b49289\" tg-width=\"1536\" tg-height=\"1178\" width=\"100%\" height=\"auto\"><span>vzphotos/iStock Editorial via Getty Images</span></p><p><blockquote><ul><li>2022年对于投资者来说又是激动人心的一年。</li><li>多元化是游戏的名称，这些长期选择可以在未来几年提供跑赢市场的回报。</li><li>大家新年快乐！</li></ul><p class=\"t-img-caption\"><span>vzphotos/iStock社论来自Getty Images</span></p></blockquote></p><p> <b>What Are The Best Long-Term Stocks For 2022?</b></p><p><blockquote><b>2022年最好的长期股票有哪些？</b></blockquote></p><p> A new year will bring new challenges and opportunities for investors. Inflation, interest rates, bubbles, COVID-19 variants, the FTC, new technologies, transformative companies, record buybacks, high yields, and other variables promise to make this an exciting time. With this in mind, diversity is an integral part of a well-rounded portfolio for long-term investors. For this reason, I have chosen three picks from different baskets and include a rock-solid REIT pick, VICI Properties (VICI), a Big Tech pick, Alphabet (GOOG/GOOGL), and a dividend stalwart selection, AbbVie (ABBV).</p><p><blockquote>新的一年将为投资者带来新的挑战和机遇。通货膨胀、利率、泡沫、新冠肺炎变种、联邦贸易委员会、新技术、变革型公司、创纪录的回购、高收益率和其他变量有望使这成为一个激动人心的时刻。考虑到这一点，多元化是长期投资者全面投资组合不可或缺的一部分。出于这个原因，我从不同的篮子中选择了三个选择，包括坚如磐石的房地产投资信托基金VICI Properties(VICI)、大型科技公司Alphabet(GOOG/GOOGL)和股息坚定的选择艾伯维(ABBV)）。</blockquote></p><p> <b>VICI Properties</b></p><p><blockquote><b>VICI物业</b></blockquote></p><p> VICI is a real estate investment trust (REIT) with properties dedicated to gaming and entertainment. It has properties nationwide, including on the Las Vegas Strip. VICI was initially formed as a spinoff of Caesars Entertainment (CZR) in 2017. More than 30% of its current exposure is to the Las Vegas Strip, and this will increase with the acquisition of MGM Growth Properties (MGP).</p><p><blockquote>VICI是一家房地产投资信托基金(REIT)，拥有专门用于游戏和娱乐的物业。它在全国范围内都有房产，包括拉斯维加斯大道。VICI最初于2017年由凯撒娱乐(CZR)分拆而成。目前超过30%的风险敞口位于拉斯维加斯大道，随着收购米高梅增长地产(MGP)，这一比例将会增加。</blockquote></p><p> Banks in the U.S. are required to undergo stress tests if they meet specific requirements. These tests are designed to ensure that they can function in the case of a financial calamity. VICI went through its own ultimate stress test in the Spring of 2020 and passed with flying colors. The entire Las Vegas Strip was shut for a period, and properties around the country were also profoundly affected. VICI's share price cratered during this time.</p><p><blockquote>如果美国的银行满足特定要求，则需要接受压力测试。这些测试旨在确保它们在发生金融灾难时能够发挥作用。VICI在2020年春天经历了自己的终极压力测试，并出色地通过了。整个拉斯维加斯大道关闭了一段时间，全国各地的房产也受到了严重影响。在此期间，VICI的股价暴跌。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af10a5ccc2e464f90377c2ecdc1daef2\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> The company's revenue, however, actually went up. The adjusted funds from operations also increased in 2020.</p><p><blockquote>然而，该公司的收入实际上有所上升。2020年调整后的运营资金也有所增加。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ab088ba648174cb1ba043317b320833\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> Looking at the chart above, one would never suspect a calamity in gaming was going on during this time. VICI actually increased the dividend in Q2 2020.</p><p><blockquote>看着上面的图表，人们永远不会怀疑这段时间游戏中正在发生一场灾难。VICI实际上在2020年第二季度增加了股息。</blockquote></p><p> VICI is currently yielding a very safe 5%. The dividend has just been raised in Q3 2021 from $0.33 quarterly per share to $0.36. VICI has raised the dividend each year since its inception, and this should continue. VICI reports that 97% of its long-term rental agreements include escalators tied to inflation. When the consumer price index (CPI) rises, so do the rents. In this way, VICI is a 5% yielding inflation hedge with a rising dividend and accretive acquisition closing soon. In short, an excellent pick for long-term investors.</p><p><blockquote>VICI目前的收益率为非常安全的5%。2021年第三季度股息刚刚从每股0.33美元上调至0.36美元。VICI自成立以来每年都会提高股息，而且这种情况应该会继续下去。VICI报告称，其97%的长期租赁协议包括与通货膨胀挂钩的自动扶梯。当消费者价格指数（CPI）上涨时，租金也会上涨。通过这种方式，VICI是一种收益率为5%的通胀对冲工具，股息不断上升，增值收购即将完成。简而言之，这是长期投资者的绝佳选择。</blockquote></p><p> <b>Google</b></p><p><blockquote><b>谷歌</b></blockquote></p><p> Google is growing revenues prolifically and across multiple segments. The company had a brilliant 2021, and this momentum should carry on into 2022.</p><p><blockquote>谷歌在多个领域的收入正在大幅增长。该公司在2021年表现出色，这种势头应该会持续到2022年。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38f55f1ce9052097365fec82389e9484\" tg-width=\"640\" tg-height=\"261\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> As shown, revenue over the trailing twelve months (TTMs) has reached $239 billion, easily surpassing fiscal 2020 revenue of $183 billion. Growth slowed a bit in 2020 as advertisers cut back on spending; however, this came roaring back in 2021.</p><p><blockquote>如图所示，过去12个月(TTMs)的收入已达到2,390亿美元，轻松超过2020财年1,830亿美元的收入。由于广告商削减支出，2020年增长略有放缓；然而，这种情况在2021年卷土重来。</blockquote></p><p> In addition, margins are increasing.</p><p><blockquote>此外，利润率也在提高。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18ecf2c9613b853ad984e9bd95e640a9\" tg-width=\"640\" tg-height=\"276\" width=\"100%\" height=\"auto\"><span>Chart created by author with data from Seeking Alpha</span></p><p><blockquote><p class=\"t-img-caption\"><span>作者使用Seeking Alpha的数据创建的图表</span></p></blockquote></p><p> Over the TTMs, Google has posted an EBITDA margin of 36%. This is excellent profitability. Much of this can be attributed to increased revenue for cloud services and YouTube. These segments have substantial expansion potential and should serve long-term investors well. News of the FTC cracking down on AWS could be welcome news to Google shareholders.</p><p><blockquote>在TTMs中，谷歌的EBITDA利润率为36%。这是出色的盈利能力。这在很大程度上可以归因于云服务和YouTube收入的增加。这些细分市场具有巨大的扩张潜力，应该为长期投资者提供良好的服务。联邦贸易委员会打击AWS的消息对谷歌股东来说可能是个好消息。</blockquote></p><p> Google also has some of the best valuation metrics of the Big Tech giants, as shown below.</p><p><blockquote>谷歌还拥有一些大型科技巨头的最佳估值指标，如下所示。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2975bf5e7bc0ec98f52cfc0fda52b63\" tg-width=\"635\" tg-height=\"515\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p> <b>AbbVie</b></p><p><blockquote><b>艾伯维</b></blockquote></p><p></p><p> AbbVie has been an excellent dividend growth stock for many years, and this is likely to continue. Because of the concerns over the Humira franchise patent cliffs, and other potential legislation regarding drug prices, AbbVie often trades at a discount. Investors who watch for dips can be rewarded handsomely. I discussed this in further detail&nbsp;in this previous article.</p><p><blockquote>多年来，艾伯维一直是一只出色的股息增长股票，而且这种情况可能会持续下去。由于对修美乐特许经营专利悬崖以及其他有关药品价格的潜在立法的担忧，艾伯维经常以折扣价进行交易。逢低观望的投资者可以获得丰厚的回报。我在上一篇文章中对此进行了更详细的讨论。</blockquote></p><p> Biosimilars for Humira are coming to U.S. markets in 2023. This will likely cut the revenues AbbVie receives from Humira in half in the first year, judging by the results of introducing biosimilars in Europe. AbbVie has made several moves to get ahead of this in recent periods, including developing new drugs, expanding treatment options for existing drugs, and expanding the product line through acquisition. Examples include Rinvoq and the Allergan acquisition. As of Q1 2020, Humira made up over 54% of all revenue for AbbVie. This was down to 36% by Q2 2021, while total revenue rose considerably.</p><p><blockquote>修美乐的生物仿制药将于2023年进入美国市场。从在欧洲引入生物仿制药的结果来看，这可能会使艾伯维第一年从修美乐获得的收入减少一半。艾伯维最近一段时间采取了多项举措来实现这一目标，包括开发新药、扩大现有药物的治疗选择以及通过收购扩大产品线。例子包括Rinvoq和Allergan收购。截至2020年第一季度，修美乐占艾伯维总收入的54%以上。到2021年第二季度，这一比例降至36%，而总收入大幅增长。</blockquote></p><p> AbbVie's dividend is safe, with a payout ratio below 50%. It has also been raised for eight consecutive years. The five-year dividend growth rate is near 18%. This makes AbbVie an excellent pick for long-term dividend growth investors.</p><p><blockquote>艾伯维的股息是安全的，派息率低于50%。也是连续8年上调。五年股息增长率接近18%。这使得艾伯维成为长期股息增长投资者的绝佳选择。</blockquote></p><p> <b>Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> VICI, Google, and AbbVie are stellar companies with extremely positive long-term potential. Each provides an investor's portfolio with different exposure and different potential. VICI is a tested gaming giant with a rising dividend and inflation protection. Google is as solid as they come with much upside and more limited risk than some in Big Tech due to the lower valuation. AbbVie is a dividend-producing machine where investors can snag a higher yield based on moderate risks. The three combined can be part of the bedrock of a well-rounded investment portfolio.</p><p><blockquote>VICI、谷歌和艾伯维都是具有极其积极的长期潜力的明星公司。每一种都为投资者的投资组合提供了不同的风险敞口和不同的潜力。VICI是一家久经考验的游戏巨头，拥有不断增长的股息和通胀保护。由于估值较低，谷歌与一些大型科技公司相比，其上涨空间很大，风险也更有限。艾伯维是一台产生股息的机器，投资者可以在适度风险的基础上获得更高的收益率。这三者结合起来可以成为全面投资组合的基石。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4476923-3-best-long-term-stocks-for-investors-in-2022\">Seeking Alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ABBV":"艾伯维公司","GOOG":"谷歌","GOOGL":"谷歌A","VICI":"Vici Properties"},"source_url":"https://seekingalpha.com/article/4476923-3-best-long-term-stocks-for-investors-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149386026","content_text":"Summary\n\n2022 promises to be another exciting year for investors.\nDiversity is the name of the game, and these long-term picks could provide market-beating returns for years to come.\nHappy New Year, everyone!\n\nvzphotos/iStock Editorial via Getty Images\nWhat Are The Best Long-Term Stocks For 2022?\nA new year will bring new challenges and opportunities for investors. Inflation, interest rates, bubbles, COVID-19 variants, the FTC, new technologies, transformative companies, record buybacks, high yields, and other variables promise to make this an exciting time. With this in mind, diversity is an integral part of a well-rounded portfolio for long-term investors. For this reason, I have chosen three picks from different baskets and include a rock-solid REIT pick, VICI Properties (VICI), a Big Tech pick, Alphabet (GOOG/GOOGL), and a dividend stalwart selection, AbbVie (ABBV).\nVICI Properties\nVICI is a real estate investment trust (REIT) with properties dedicated to gaming and entertainment. It has properties nationwide, including on the Las Vegas Strip. VICI was initially formed as a spinoff of Caesars Entertainment (CZR) in 2017. More than 30% of its current exposure is to the Las Vegas Strip, and this will increase with the acquisition of MGM Growth Properties (MGP).\nBanks in the U.S. are required to undergo stress tests if they meet specific requirements. These tests are designed to ensure that they can function in the case of a financial calamity. VICI went through its own ultimate stress test in the Spring of 2020 and passed with flying colors. The entire Las Vegas Strip was shut for a period, and properties around the country were also profoundly affected. VICI's share price cratered during this time.\nData by YCharts\nThe company's revenue, however, actually went up. The adjusted funds from operations also increased in 2020.\nData by YCharts\nLooking at the chart above, one would never suspect a calamity in gaming was going on during this time. VICI actually increased the dividend in Q2 2020.\nVICI is currently yielding a very safe 5%. The dividend has just been raised in Q3 2021 from $0.33 quarterly per share to $0.36. VICI has raised the dividend each year since its inception, and this should continue. VICI reports that 97% of its long-term rental agreements include escalators tied to inflation. When the consumer price index (CPI) rises, so do the rents. In this way, VICI is a 5% yielding inflation hedge with a rising dividend and accretive acquisition closing soon. In short, an excellent pick for long-term investors.\nGoogle\nGoogle is growing revenues prolifically and across multiple segments. The company had a brilliant 2021, and this momentum should carry on into 2022.\nChart created by author with data from Seeking Alpha\nAs shown, revenue over the trailing twelve months (TTMs) has reached $239 billion, easily surpassing fiscal 2020 revenue of $183 billion. Growth slowed a bit in 2020 as advertisers cut back on spending; however, this came roaring back in 2021.\nIn addition, margins are increasing.\nChart created by author with data from Seeking Alpha\nOver the TTMs, Google has posted an EBITDA margin of 36%. This is excellent profitability. Much of this can be attributed to increased revenue for cloud services and YouTube. These segments have substantial expansion potential and should serve long-term investors well. News of the FTC cracking down on AWS could be welcome news to Google shareholders.\nGoogle also has some of the best valuation metrics of the Big Tech giants, as shown below.\nData by YCharts\nAbbVie\nAbbVie has been an excellent dividend growth stock for many years, and this is likely to continue. Because of the concerns over the Humira franchise patent cliffs, and other potential legislation regarding drug prices, AbbVie often trades at a discount. Investors who watch for dips can be rewarded handsomely. I discussed this in further detail in this previous article.\nBiosimilars for Humira are coming to U.S. markets in 2023. This will likely cut the revenues AbbVie receives from Humira in half in the first year, judging by the results of introducing biosimilars in Europe. AbbVie has made several moves to get ahead of this in recent periods, including developing new drugs, expanding treatment options for existing drugs, and expanding the product line through acquisition. Examples include Rinvoq and the Allergan acquisition. As of Q1 2020, Humira made up over 54% of all revenue for AbbVie. This was down to 36% by Q2 2021, while total revenue rose considerably.\nAbbVie's dividend is safe, with a payout ratio below 50%. It has also been raised for eight consecutive years. The five-year dividend growth rate is near 18%. This makes AbbVie an excellent pick for long-term dividend growth investors.\nBottom Line\nVICI, Google, and AbbVie are stellar companies with extremely positive long-term potential. Each provides an investor's portfolio with different exposure and different potential. VICI is a tested gaming giant with a rising dividend and inflation protection. Google is as solid as they come with much upside and more limited risk than some in Big Tech due to the lower valuation. AbbVie is a dividend-producing machine where investors can snag a higher yield based on moderate risks. The three combined can be part of the bedrock of a well-rounded investment portfolio.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"ABBV":0.9,"VICI":0.9,"GOOG":0.9}},"isVote":1,"tweetType":1,"viewCount":2638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696236180,"gmtCreate":1640700446369,"gmtModify":1640700447869,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696236180","repostId":"1147662871","repostType":4,"repost":{"id":"1147662871","kind":"news","pubTimestamp":1640695160,"share":"https://www.laohu8.com/m/news/1147662871?lang=zh_CN&edition=full","pubTime":"2021-12-28 20:39","market":"us","language":"en","title":"Stock Pickers Are Struggling to Beat the Market<blockquote>选股者正在努力战胜市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147662871","media":"The Wall Street Journal","summary":"Some 85% of active U.S. stock funds were on pace to underperform the S&P 500 this year\nS&P 500 marke","content":"<p>Some 85% of active U.S. stock funds were on pace to underperform the S&amp;P 500 this year</p><p><blockquote>约85%的主动型美国股票基金今年的表现将逊于标普500</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f2dde8009f5db843df7a9e957e722aa\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>S&amp;P 500 market data displayed at the New York Stock Exchange. Many stock pickers find themselves trailing the S&amp;P 500 to close out 2021.</span></p><p><blockquote><p class=\"t-img-caption\"><span>纽交所展示的标普500市场数据。许多选股者发现自己在2021年结束时落后于标普500。</span></p></blockquote></p><p> It was supposed to be a stock picker’s market.</p><p><blockquote>这应该是一个选股者的市场。</blockquote></p><p> A late 2020 rally by smaller and cheaper stocks, culminating with&nbsp;the meme-stock craze that started in January, raised hopes that active investing would stage a comeback this year. But as 2021 draws to a close, most professional stock pickers find themselves in familiar territory: trailing the benchmark S&amp;P 500 index.</p><p><blockquote>2020年底，规模较小、价格较低的股票出现反弹，最终导致1月份开始的模因股票热潮，这引发了人们对主动投资今年卷土重来的希望。但随着2021年接近尾声，大多数专业选股者发现自己处于熟悉的领域：落后于基准标普500指数。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/811079b045586611a94c9e99ab1d2c75\" tg-width=\"440\" tg-height=\"561\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That many money managers were brimming with optimism in January is nothing new, said Craig Lazzara, a managing director at S&amp;P Dow Jones Indices. “Every year, there are a bunch of forecasts typically from active managers describing why this year is going to be a good year—this will be a stock picker’s market,” Mr. Lazzara said.</p><p><blockquote>标准普尔道琼斯指数董事总经理克雷格·拉扎拉(Craig Lazzara)表示，许多基金经理在一月份充满乐观情绪并不是什么新鲜事。“每年，主动型基金经理都会做出一系列预测，描述为什么今年将是好年景——这将是一个选股市场，”拉扎拉先生说。</blockquote></p><p> But many active stock funds struggle to beat the market in a given year, and 2021 fits the pattern. Some 85% of active U.S. stock funds were on pace to underperform the S&amp;P 500 this year as of Nov. 30, according to&nbsp;Morningstar&nbsp;Direct. In the same period a year ago, 64% of such funds were running behind the S&amp;P 500, according to Morningstar.</p><p><blockquote>但许多主动股票基金在某一年都很难跑赢市场，2021年符合这种模式。根据Morningstar Direct的数据，截至11月30日，今年约85%的主动型美国股票基金的表现将逊于标普500。晨星公司的数据显示，去年同期，64%的此类基金落后于标普500。</blockquote></p><p> Some of those funds focus on small or midsize companies, and many were on track to beat the benchmark indexes that more closely resemble their investment style, said Robby Greengold, a Morningstar strategist. Small-cap funds, in particular, have had a strong year relative to their benchmarks.</p><p><blockquote>晨星策略师罗比·格林戈尔德表示，其中一些基金专注于中小型公司，许多基金有望击败与其投资风格更接近的基准指数。尤其是小盘基金，相对于其基准而言，今年表现强劲。</blockquote></p><p> Keeping pace with the S&amp;P 500, though,was a different matter.</p><p><blockquote>然而，与标普500保持同步则是另一回事。</blockquote></p><p> “Large-cap stocks this year have generally trounced the small-caps,” Mr. Greengold said.</p><p><blockquote>“今年大盘股普遍击败了小盘股，”格林戈尔德先生说。</blockquote></p><p> Active managers had reason to believe this year might be different. Indeed, the U.S. economy’s recovery from the coronavirus slowdown had emboldened investors to snap up stocks they had previously ignored, Mr. Lazzara said. They went looking for bargains, reasoning that most companies would benefit from the economy’s growth—and not just the ones that proved most resilient earlier in the year.</p><p><blockquote>主动型基金经理有理由相信今年可能会有所不同。拉扎拉表示，事实上，美国经济从冠状病毒放缓中复苏，让投资者更有勇气snap他们之前忽视的股票。他们去寻找便宜货，理由是大多数公司都将从经济增长中受益，而不仅仅是那些今年早些时候被证明最具弹性的公司。</blockquote></p><p> Cheap stocks, small-caps and energy companies—categories that lagged behind the S&amp;P 500 at the start of the health crisis—vaulted past the index’s performance in fall 2020, according to S&amp;P Dow Jones Indices.</p><p><blockquote>根据标准普尔道琼斯指数的数据，廉价股票、小盘股和能源公司——在健康危机开始时落后于标普500的类别——在2020年秋季超越了该指数的表现。</blockquote></p><p> Their moment didn’t last. By spring 2021, big growth stocks had found their footing and kept it—helping power the S&amp;P 500 to a 28% gain so far this year. The S&amp;P MidCap 400 is up 23%, while the S&amp;P SmallCap 600 has risen 26%.</p><p><blockquote>他们的时刻没有持续。到2021年春季，大型成长型股票已经站稳脚跟并保持了这一地位，帮助标普500今年迄今为止上涨了28%。标准普尔中型股400指数上涨23%，而标准普尔小型股600指数上涨26%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Pickers Are Struggling to Beat the Market<blockquote>选股者正在努力战胜市场</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Pickers Are Struggling to Beat the Market<blockquote>选股者正在努力战胜市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-12-28 20:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Some 85% of active U.S. stock funds were on pace to underperform the S&amp;P 500 this year</p><p><blockquote>约85%的主动型美国股票基金今年的表现将逊于标普500</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f2dde8009f5db843df7a9e957e722aa\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>S&amp;P 500 market data displayed at the New York Stock Exchange. Many stock pickers find themselves trailing the S&amp;P 500 to close out 2021.</span></p><p><blockquote><p class=\"t-img-caption\"><span>纽交所展示的标普500市场数据。许多选股者发现自己在2021年结束时落后于标普500。</span></p></blockquote></p><p> It was supposed to be a stock picker’s market.</p><p><blockquote>这应该是一个选股者的市场。</blockquote></p><p> A late 2020 rally by smaller and cheaper stocks, culminating with&nbsp;the meme-stock craze that started in January, raised hopes that active investing would stage a comeback this year. But as 2021 draws to a close, most professional stock pickers find themselves in familiar territory: trailing the benchmark S&amp;P 500 index.</p><p><blockquote>2020年底，规模较小、价格较低的股票出现反弹，最终导致1月份开始的模因股票热潮，这引发了人们对主动投资今年卷土重来的希望。但随着2021年接近尾声，大多数专业选股者发现自己处于熟悉的领域：落后于基准标普500指数。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/811079b045586611a94c9e99ab1d2c75\" tg-width=\"440\" tg-height=\"561\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> That many money managers were brimming with optimism in January is nothing new, said Craig Lazzara, a managing director at S&amp;P Dow Jones Indices. “Every year, there are a bunch of forecasts typically from active managers describing why this year is going to be a good year—this will be a stock picker’s market,” Mr. Lazzara said.</p><p><blockquote>标准普尔道琼斯指数董事总经理克雷格·拉扎拉(Craig Lazzara)表示，许多基金经理在一月份充满乐观情绪并不是什么新鲜事。“每年，主动型基金经理都会做出一系列预测，描述为什么今年将是好年景——这将是一个选股市场，”拉扎拉先生说。</blockquote></p><p> But many active stock funds struggle to beat the market in a given year, and 2021 fits the pattern. Some 85% of active U.S. stock funds were on pace to underperform the S&amp;P 500 this year as of Nov. 30, according to&nbsp;Morningstar&nbsp;Direct. In the same period a year ago, 64% of such funds were running behind the S&amp;P 500, according to Morningstar.</p><p><blockquote>但许多主动股票基金在某一年都很难跑赢市场，2021年符合这种模式。根据Morningstar Direct的数据，截至11月30日，今年约85%的主动型美国股票基金的表现将逊于标普500。晨星公司的数据显示，去年同期，64%的此类基金落后于标普500。</blockquote></p><p> Some of those funds focus on small or midsize companies, and many were on track to beat the benchmark indexes that more closely resemble their investment style, said Robby Greengold, a Morningstar strategist. Small-cap funds, in particular, have had a strong year relative to their benchmarks.</p><p><blockquote>晨星策略师罗比·格林戈尔德表示，其中一些基金专注于中小型公司，许多基金有望击败与其投资风格更接近的基准指数。尤其是小盘基金，相对于其基准而言，今年表现强劲。</blockquote></p><p> Keeping pace with the S&amp;P 500, though,was a different matter.</p><p><blockquote>然而，与标普500保持同步则是另一回事。</blockquote></p><p> “Large-cap stocks this year have generally trounced the small-caps,” Mr. Greengold said.</p><p><blockquote>“今年大盘股普遍击败了小盘股，”格林戈尔德先生说。</blockquote></p><p> Active managers had reason to believe this year might be different. Indeed, the U.S. economy’s recovery from the coronavirus slowdown had emboldened investors to snap up stocks they had previously ignored, Mr. Lazzara said. They went looking for bargains, reasoning that most companies would benefit from the economy’s growth—and not just the ones that proved most resilient earlier in the year.</p><p><blockquote>主动型基金经理有理由相信今年可能会有所不同。拉扎拉表示，事实上，美国经济从冠状病毒放缓中复苏，让投资者更有勇气snap他们之前忽视的股票。他们去寻找便宜货，理由是大多数公司都将从经济增长中受益，而不仅仅是那些今年早些时候被证明最具弹性的公司。</blockquote></p><p> Cheap stocks, small-caps and energy companies—categories that lagged behind the S&amp;P 500 at the start of the health crisis—vaulted past the index’s performance in fall 2020, according to S&amp;P Dow Jones Indices.</p><p><blockquote>根据标准普尔道琼斯指数的数据，廉价股票、小盘股和能源公司——在健康危机开始时落后于标普500的类别——在2020年秋季超越了该指数的表现。</blockquote></p><p> Their moment didn’t last. By spring 2021, big growth stocks had found their footing and kept it—helping power the S&amp;P 500 to a 28% gain so far this year. The S&amp;P MidCap 400 is up 23%, while the S&amp;P SmallCap 600 has risen 26%.</p><p><blockquote>他们的时刻没有持续。到2021年春季，大型成长型股票已经站稳脚跟并保持了这一地位，帮助标普500今年迄今为止上涨了28%。标准普尔中型股400指数上涨23%，而标准普尔小型股600指数上涨26%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/stock-pickers-are-struggling-to-beat-the-market-11640692983?siteid=yhoof2\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/stock-pickers-are-struggling-to-beat-the-market-11640692983?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147662871","content_text":"Some 85% of active U.S. stock funds were on pace to underperform the S&P 500 this year\nS&P 500 market data displayed at the New York Stock Exchange. Many stock pickers find themselves trailing the S&P 500 to close out 2021.\nIt was supposed to be a stock picker’s market.\nA late 2020 rally by smaller and cheaper stocks, culminating with the meme-stock craze that started in January, raised hopes that active investing would stage a comeback this year. But as 2021 draws to a close, most professional stock pickers find themselves in familiar territory: trailing the benchmark S&P 500 index.\n\nThat many money managers were brimming with optimism in January is nothing new, said Craig Lazzara, a managing director at S&P Dow Jones Indices. “Every year, there are a bunch of forecasts typically from active managers describing why this year is going to be a good year—this will be a stock picker’s market,” Mr. Lazzara said.\nBut many active stock funds struggle to beat the market in a given year, and 2021 fits the pattern. Some 85% of active U.S. stock funds were on pace to underperform the S&P 500 this year as of Nov. 30, according to Morningstar Direct. In the same period a year ago, 64% of such funds were running behind the S&P 500, according to Morningstar.\nSome of those funds focus on small or midsize companies, and many were on track to beat the benchmark indexes that more closely resemble their investment style, said Robby Greengold, a Morningstar strategist. Small-cap funds, in particular, have had a strong year relative to their benchmarks.\nKeeping pace with the S&P 500, though,was a different matter.\n“Large-cap stocks this year have generally trounced the small-caps,” Mr. Greengold said.\nActive managers had reason to believe this year might be different. Indeed, the U.S. economy’s recovery from the coronavirus slowdown had emboldened investors to snap up stocks they had previously ignored, Mr. Lazzara said. They went looking for bargains, reasoning that most companies would benefit from the economy’s growth—and not just the ones that proved most resilient earlier in the year.\nCheap stocks, small-caps and energy companies—categories that lagged behind the S&P 500 at the start of the health crisis—vaulted past the index’s performance in fall 2020, according to S&P Dow Jones Indices.\nTheir moment didn’t last. By spring 2021, big growth stocks had found their footing and kept it—helping power the S&P 500 to a 28% gain so far this year. The S&P MidCap 400 is up 23%, while the S&P SmallCap 600 has risen 26%.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2463,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696387278,"gmtCreate":1640618698293,"gmtModify":1640618699722,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment thanks&nbsp;","listText":"Like and comment thanks&nbsp;","text":"Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696387278","repostId":"1159836216","repostType":4,"repost":{"id":"1159836216","kind":"news","pubTimestamp":1640615243,"share":"https://www.laohu8.com/m/news/1159836216?lang=zh_CN&edition=full","pubTime":"2021-12-27 22:27","market":"us","language":"en","title":"GameStop Is ‘Very Early in Its Transformation.’ Its Stock Could Tumble.<blockquote>游戏驿站“正处于转型的早期阶段”。其股价可能会暴跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159836216","media":"Barrons","summary":"As this year comes to an end, arguments about whether to buy or sell highflying meme stock GameStop ","content":"<p>As this year comes to an end, arguments about whether to buy or sell highflying meme stock&nbsp;GameStop&nbsp;haven’t changed. It’s still a question of belief in what the videogame retailer could become versus what it currently is. But trying to quantify the former results in a stock that is worth a fraction of what it is now, according to one analyst.</p><p><blockquote>随着今年接近尾声，关于是否买入或卖出飙升的模因股票游戏驿站的争论并没有改变。这仍然是一个对视频游戏零售商可能成为什么样的信念问题，而不是现在的样子。但一位分析师表示，试图量化一只价值只是现在一小部分的股票的结果。</blockquote></p><p> GameStop (ticker: GME), the original meme stock, has been one of the best performers this year. Its shares have gained 707% to $152.14 in 2021, easily outpacing the&nbsp;S&amp;P 500’s&nbsp;26% rise and the&nbsp;Dow Jones Industrial Average’s&nbsp;17% gain.</p><p><blockquote>最初的meme股票游戏驿站（股票代码：GME）是今年表现最好的股票之一。2021年，其股价上涨707%，至152.14美元，轻松超过标准普尔500指数26%的涨幅和道琼斯工业平均指数17%的涨幅。</blockquote></p><p> But the rise hasn’t been driven by how its business is doing. Instead, it became a favorite on social-media platform Reddit, to the point that it “no longer trades on traditional fundamental valuations or metrics, but on retail investors’ sentiment, hope, momentum, and the powers of crowds,” writes Ascendiant analyst Edward Woo.</p><p><blockquote>但这一增长并不是由其业务表现推动的。相反，它成为社交媒体平台Reddit上的最爱，以至于它“不再根据传统的基本面估值或指标进行交易，而是根据散户投资者的情绪、希望、势头和人群的力量进行交易”，Ascendiant分析师爱德华·吴。</blockquote></p><p> That adds to the risks for anyone who might think about shorting the company—remember, shares were trading over $300 as recently as June—but the fundamentals clearly point to weaker returns going ahead, Woo writes. Losses are still large, while sales of software declined 2% year over year during the most recent quarter as purchases continued to transition away from physical disks to downloads. The company hasn’t provided guidance.</p><p><blockquote>Woo写道，这增加了任何可能考虑做空该公司的人的风险——请记住，该公司的股价最近在6月份还超过300美元——但基本面显然表明未来的回报将会疲软。损失仍然很大，而由于购买继续从物理磁盘转向下载，最近一个季度软件销售额同比下降2%。该公司尚未提供指导。</blockquote></p><p> GameStop does, however, have a couple of things going for it. The first is its chairman, Ryan Cohen, who had success with&nbsp;Chewy&nbsp;(CHWY) and has brought in new management to help point the retailer in a new direction. It also has a lot of cash, about $1.4 billion, according to Woo, after selling a bunch of stock. That makes GameStop more like a venture capital investment, one that could branch out into non-fungible tokens, cryptocurrencies, or other businesses. But it’s also a very risky investment. As a result, Woo lowered his target on the stock to $23 from $24 on Monday, down 85% from this past Thursday’s close. The analyst has a Sell rating on the shares.</p><p><blockquote>然而，游戏驿站确实有一些优势。第一个是其董事长瑞安·科恩(Ryan Cohen)，他在Chewy(CHWY)取得了成功，并引入了新的管理层来帮助这家零售商指明新的方向。Woo表示，在出售大量股票后，该公司还拥有大量现金，约为14亿美元。这使得游戏驿站更像是一项风险投资，可以扩展到不可替代的代币、加密货币或其他业务。但这也是一项风险很大的投资。因此，Woo将该股目标从周一的24美元下调至23美元，较上周四收盘价下跌85%。分析师对该股给予卖出评级。</blockquote></p><p> “We acknowledge Mr. Cohen’s success and talents and the large cash GameStop now has greatly [increased] the odds that it can pivot to be a successful e-commerce company,” Woo writes. “However, we are still very early in its transformation and investors are likely facing a very high risk/rewards scenario.”</p><p><blockquote>吴写道：“我们承认科恩先生的成功和才华，以及游戏驿站现在拥有的大量现金极大地增加了其成为一家成功电子商务公司的可能性。”“然而，我们仍处于转型的早期阶段，投资者可能面临非常高的风险/回报情况。”</blockquote></p><p> Not like that has ever stopped anyone.</p><p><blockquote>这从来没有阻止过任何人。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop Is ‘Very Early in Its Transformation.’ Its Stock Could Tumble.<blockquote>游戏驿站“正处于转型的早期阶段”。其股价可能会暴跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Is ‘Very Early in Its Transformation.’ Its Stock Could Tumble.<blockquote>游戏驿站“正处于转型的早期阶段”。其股价可能会暴跌。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-27 22:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As this year comes to an end, arguments about whether to buy or sell highflying meme stock&nbsp;GameStop&nbsp;haven’t changed. It’s still a question of belief in what the videogame retailer could become versus what it currently is. But trying to quantify the former results in a stock that is worth a fraction of what it is now, according to one analyst.</p><p><blockquote>随着今年接近尾声，关于是否买入或卖出飙升的模因股票游戏驿站的争论并没有改变。这仍然是一个对视频游戏零售商可能成为什么样的信念问题，而不是现在的样子。但一位分析师表示，试图量化一只价值只是现在一小部分的股票的结果。</blockquote></p><p> GameStop (ticker: GME), the original meme stock, has been one of the best performers this year. Its shares have gained 707% to $152.14 in 2021, easily outpacing the&nbsp;S&amp;P 500’s&nbsp;26% rise and the&nbsp;Dow Jones Industrial Average’s&nbsp;17% gain.</p><p><blockquote>最初的meme股票游戏驿站（股票代码：GME）是今年表现最好的股票之一。2021年，其股价上涨707%，至152.14美元，轻松超过标准普尔500指数26%的涨幅和道琼斯工业平均指数17%的涨幅。</blockquote></p><p> But the rise hasn’t been driven by how its business is doing. Instead, it became a favorite on social-media platform Reddit, to the point that it “no longer trades on traditional fundamental valuations or metrics, but on retail investors’ sentiment, hope, momentum, and the powers of crowds,” writes Ascendiant analyst Edward Woo.</p><p><blockquote>但这一增长并不是由其业务表现推动的。相反，它成为社交媒体平台Reddit上的最爱，以至于它“不再根据传统的基本面估值或指标进行交易，而是根据散户投资者的情绪、希望、势头和人群的力量进行交易”，Ascendiant分析师爱德华·吴。</blockquote></p><p> That adds to the risks for anyone who might think about shorting the company—remember, shares were trading over $300 as recently as June—but the fundamentals clearly point to weaker returns going ahead, Woo writes. Losses are still large, while sales of software declined 2% year over year during the most recent quarter as purchases continued to transition away from physical disks to downloads. The company hasn’t provided guidance.</p><p><blockquote>Woo写道，这增加了任何可能考虑做空该公司的人的风险——请记住，该公司的股价最近在6月份还超过300美元——但基本面显然表明未来的回报将会疲软。损失仍然很大，而由于购买继续从物理磁盘转向下载，最近一个季度软件销售额同比下降2%。该公司尚未提供指导。</blockquote></p><p> GameStop does, however, have a couple of things going for it. The first is its chairman, Ryan Cohen, who had success with&nbsp;Chewy&nbsp;(CHWY) and has brought in new management to help point the retailer in a new direction. It also has a lot of cash, about $1.4 billion, according to Woo, after selling a bunch of stock. That makes GameStop more like a venture capital investment, one that could branch out into non-fungible tokens, cryptocurrencies, or other businesses. But it’s also a very risky investment. As a result, Woo lowered his target on the stock to $23 from $24 on Monday, down 85% from this past Thursday’s close. The analyst has a Sell rating on the shares.</p><p><blockquote>然而，游戏驿站确实有一些优势。第一个是其董事长瑞安·科恩(Ryan Cohen)，他在Chewy(CHWY)取得了成功，并引入了新的管理层来帮助这家零售商指明新的方向。Woo表示，在出售大量股票后，该公司还拥有大量现金，约为14亿美元。这使得游戏驿站更像是一项风险投资，可以扩展到不可替代的代币、加密货币或其他业务。但这也是一项风险很大的投资。因此，Woo将该股目标从周一的24美元下调至23美元，较上周四收盘价下跌85%。分析师对该股给予卖出评级。</blockquote></p><p> “We acknowledge Mr. Cohen’s success and talents and the large cash GameStop now has greatly [increased] the odds that it can pivot to be a successful e-commerce company,” Woo writes. “However, we are still very early in its transformation and investors are likely facing a very high risk/rewards scenario.”</p><p><blockquote>吴写道：“我们承认科恩先生的成功和才华，以及游戏驿站现在拥有的大量现金极大地增加了其成为一家成功电子商务公司的可能性。”“然而，我们仍处于转型的早期阶段，投资者可能面临非常高的风险/回报情况。”</blockquote></p><p> Not like that has ever stopped anyone.</p><p><blockquote>这从来没有阻止过任何人。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/gamestop-new-stock-price-target-analyst-51640613653?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-new-stock-price-target-analyst-51640613653?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159836216","content_text":"As this year comes to an end, arguments about whether to buy or sell highflying meme stock GameStop haven’t changed. It’s still a question of belief in what the videogame retailer could become versus what it currently is. But trying to quantify the former results in a stock that is worth a fraction of what it is now, according to one analyst.\nGameStop (ticker: GME), the original meme stock, has been one of the best performers this year. Its shares have gained 707% to $152.14 in 2021, easily outpacing the S&P 500’s 26% rise and the Dow Jones Industrial Average’s 17% gain.\nBut the rise hasn’t been driven by how its business is doing. Instead, it became a favorite on social-media platform Reddit, to the point that it “no longer trades on traditional fundamental valuations or metrics, but on retail investors’ sentiment, hope, momentum, and the powers of crowds,” writes Ascendiant analyst Edward Woo.\nThat adds to the risks for anyone who might think about shorting the company—remember, shares were trading over $300 as recently as June—but the fundamentals clearly point to weaker returns going ahead, Woo writes. Losses are still large, while sales of software declined 2% year over year during the most recent quarter as purchases continued to transition away from physical disks to downloads. The company hasn’t provided guidance.\nGameStop does, however, have a couple of things going for it. The first is its chairman, Ryan Cohen, who had success with Chewy (CHWY) and has brought in new management to help point the retailer in a new direction. It also has a lot of cash, about $1.4 billion, according to Woo, after selling a bunch of stock. That makes GameStop more like a venture capital investment, one that could branch out into non-fungible tokens, cryptocurrencies, or other businesses. But it’s also a very risky investment. As a result, Woo lowered his target on the stock to $23 from $24 on Monday, down 85% from this past Thursday’s close. The analyst has a Sell rating on the shares.\n“We acknowledge Mr. Cohen’s success and talents and the large cash GameStop now has greatly [increased] the odds that it can pivot to be a successful e-commerce company,” Woo writes. “However, we are still very early in its transformation and investors are likely facing a very high risk/rewards scenario.”\nNot like that has ever stopped anyone.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":3297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696387336,"gmtCreate":1640618675534,"gmtModify":1640618677061,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks.&nbsp;","listText":"Like and comment. Thanks.&nbsp;","text":"Like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696387336","repostId":"1151032995","repostType":4,"repost":{"id":"1151032995","kind":"news","pubTimestamp":1640617060,"share":"https://www.laohu8.com/m/news/1151032995?lang=zh_CN&edition=full","pubTime":"2021-12-27 22:57","market":"us","language":"en","title":"Apple Stock: What Happens After The Santa Claus Rally?<blockquote>苹果股票：圣诞老人集会后会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1151032995","media":"TheStreet","summary":"Apple investors have reasons to be more excited about what comes next. Here is what the data suggests might happen to AAPL share price in the next two weeks.Santa Claus almost skipped Wall Street this year. The S&P 500 dipped 3.5% between December 15 and 20, putting into question the year-end rally that some expected to see. But quickly, bullishness came flooding back, as the index jumped 4% in only three days.Figure 1: Apple's Watch, iPhone and iPad in a Christmas theme.If the “Santa Claus rall","content":"<p>Santa Claus rally? Apple investors have reasons to be more excited about what comes next. Here is what the data suggests might happen to AAPL share price in the next two weeks.</p><p><blockquote>圣诞老人集会？苹果投资者有理由对接下来发生的事情更加兴奋。以下是数据表明未来两周AAPL股价可能发生的情况。</blockquote></p><p> Santa Claus almost skipped Wall Street this year. The S&amp;P 500&nbsp;dipped 3.5% between December 15 and 20, putting into question the year-end rally that some expected to see. But quickly, bullishness came flooding back, as the index jumped 4% in only three days.</p><p><blockquote>圣诞老人今年几乎跳过了华尔街。标普500在12月15日至20日期间下跌了3.5%，这让一些人预期的年底反弹受到质疑。但很快，看涨情绪又卷土重来，该指数在短短三天内上涨了4%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f29dc35b16bd6dea058ab34fcedeaffc\" tg-width=\"1240\" tg-height=\"784\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple's Watch, iPhone and iPad in a Christmas theme.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：圣诞主题中的苹果手表、iPhone和iPad。</span></p></blockquote></p><p> If the “Santa Claus rally” is real, what happens after the Christmas holiday is over? And more importantly for the Apple Maven: which way will Apple stock&nbsp;head next?</p><p><blockquote>如果“圣诞老人集会”是真的，那么圣诞假期结束后会发生什么？对于苹果专家来说更重要的是：苹果股票下一步将走向何方？</blockquote></p><p> <b>Is Santa Claus real?</b></p><p><blockquote><b>圣诞老人是真的吗？</b></blockquote></p><p> The first question to ask is whether the Santa Claus rally is even evident in the data, or simply a myth. Do stocks really tend to spike ahead of December 24?</p><p><blockquote>首先要问的问题是，圣诞老人集会在数据中是否很明显，或者只是一个神话。股市真的会在12月24日之前飙升吗？</blockquote></p><p> There are a few different ways to approach this one. I looked first at the S&amp;P 500’s performance over any two-week period since the early 1990s. Then, I compared my findings against the market returns in the two weeks that precede the Christmas break.</p><p><blockquote>有几种不同的方法来解决这个问题。我首先查看了自20世纪90年代初以来标普500在任何两周内的表现。然后，我将我的发现与圣诞假期前两周的市场回报进行了比较。</blockquote></p><p> It turns out that yes, the S&amp;P 500 has historically performed better during the pre-holiday period — but only minimally: average two week return of +0.54% vs. the year-round average of +0.45%. If an extra 9 basis points of performance in two weeks seems exciting enough to you, then sure, Santa Claus has been good to Wall Street.</p><p><blockquote>事实证明，是的，标普500在节前期间的表现历来更好，但只是最低限度：两周平均回报率为+0.54%，而全年平均回报率为+0.45%。如果两周内额外9个基点的表现对您来说足够令人兴奋，那么当然，圣诞老人对华尔街来说一直很好。</blockquote></p><p> The same thing can not be said of Apple stock and its investors. For the past three decades or so, AAPL has produced outstanding average two-week returns of +1.22%. However, in the two weeks preceding Santa’s arrival, returns have been dismal: an average loss of -1.33%.</p><p><blockquote>苹果股票及其投资者就不一样了。在过去三十年左右的时间里，AAPL的平均两周回报率为+1.22%。然而，在圣诞老人到来前的两周，回报却惨淡：平均损失-1.33%。</blockquote></p><p> This observation is consistent with the idea that&nbsp;the holiday period tends to be seasonally weak for Apple shares. December has only been the ninth best month of performance for Apple stock in the year since the launch of the iPhone, in 2007.</p><p><blockquote>这一观察与假期期间苹果股票往往季节性疲软的观点是一致的。自2007年iPhone推出以来，12月只是苹果股票今年表现第九好的月份。</blockquote></p><p> The most likely rationale: investors probably buy into AAPL before the big catalysts, namely the launch of the newest iPhone model in September and Black Friday. During the holiday shopping weeks, investors “sell the news” and shed some of their AAPL holdings.</p><p><blockquote>最有可能的理由：投资者可能会在重大催化剂（即9月份推出最新iPhone型号和黑色星期五）之前买入AAPL。在假日购物周期间，投资者“抛售消息”并抛售部分苹果公司持股。</blockquote></p><p> <b>What next for AAPL?</b></p><p><blockquote><b>AAPL的下一步是什么？</b></blockquote></p><p> If Apple investors feel left out of Santa’s list, they should be more excited about what comes next. Since the early 1990s, Apple stock has produced an average gain of +4.83% in the two weeks following Christmas, which is well above average. This is probably a rebound effect from the traditionally dull, pre-Santa performance. See chart below.</p><p><blockquote>如果苹果投资者觉得自己被排除在圣诞老人的名单之外，他们应该对接下来发生的事情更加兴奋。自20世纪90年代初以来，苹果股票在圣诞节后两周内的平均涨幅为+4.83%，远高于平均水平。这可能是传统上沉闷的圣诞老人前表演的反弹效应。见下图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27bca749b86e2d2be63accff7a531f64\" tg-width=\"893\" tg-height=\"456\" width=\"100%\" height=\"auto\"><span>Figure 2: Pre-Santa and Post-Santa two week Returns in AAPL and SPY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL和SPDR标普500指数ETF的圣诞老人前和圣诞老人后两周回报率。</span></p></blockquote></p><p> Something similar happens to the S&amp;P 500, although not to the same extent: the average post-Christmas gains of 0.80% tend to be better than those produced by the Santa rally.</p><p><blockquote>类似的情况也发生在标普500上，尽管程度不同：圣诞节后0.80%的平均涨幅往往好于圣诞老人反弹产生的涨幅。</blockquote></p><p> In the next few trading days, will Apple stock and the broad market perform as well as they have in prior years? We will keep monitoring price action through the year-end holiday to find out.</p><p><blockquote>未来几个交易日，苹果股票和大盘的表现会像往年一样好吗？我们将在年底假期期间继续监测价格走势以找出答案。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock: What Happens After The Santa Claus Rally?<blockquote>苹果股票：圣诞老人集会后会发生什么？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock: What Happens After The Santa Claus Rally?<blockquote>苹果股票：圣诞老人集会后会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-12-27 22:57</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Santa Claus rally? Apple investors have reasons to be more excited about what comes next. Here is what the data suggests might happen to AAPL share price in the next two weeks.</p><p><blockquote>圣诞老人集会？苹果投资者有理由对接下来发生的事情更加兴奋。以下是数据表明未来两周AAPL股价可能发生的情况。</blockquote></p><p> Santa Claus almost skipped Wall Street this year. The S&amp;P 500&nbsp;dipped 3.5% between December 15 and 20, putting into question the year-end rally that some expected to see. But quickly, bullishness came flooding back, as the index jumped 4% in only three days.</p><p><blockquote>圣诞老人今年几乎跳过了华尔街。标普500在12月15日至20日期间下跌了3.5%，这让一些人预期的年底反弹受到质疑。但很快，看涨情绪又卷土重来，该指数在短短三天内上涨了4%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f29dc35b16bd6dea058ab34fcedeaffc\" tg-width=\"1240\" tg-height=\"784\" width=\"100%\" height=\"auto\"><span>Figure 1: Apple's Watch, iPhone and iPad in a Christmas theme.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图1：圣诞主题中的苹果手表、iPhone和iPad。</span></p></blockquote></p><p> If the “Santa Claus rally” is real, what happens after the Christmas holiday is over? And more importantly for the Apple Maven: which way will Apple stock&nbsp;head next?</p><p><blockquote>如果“圣诞老人集会”是真的，那么圣诞假期结束后会发生什么？对于苹果专家来说更重要的是：苹果股票下一步将走向何方？</blockquote></p><p> <b>Is Santa Claus real?</b></p><p><blockquote><b>圣诞老人是真的吗？</b></blockquote></p><p> The first question to ask is whether the Santa Claus rally is even evident in the data, or simply a myth. Do stocks really tend to spike ahead of December 24?</p><p><blockquote>首先要问的问题是，圣诞老人集会在数据中是否很明显，或者只是一个神话。股市真的会在12月24日之前飙升吗？</blockquote></p><p> There are a few different ways to approach this one. I looked first at the S&amp;P 500’s performance over any two-week period since the early 1990s. Then, I compared my findings against the market returns in the two weeks that precede the Christmas break.</p><p><blockquote>有几种不同的方法来解决这个问题。我首先查看了自20世纪90年代初以来标普500在任何两周内的表现。然后，我将我的发现与圣诞假期前两周的市场回报进行了比较。</blockquote></p><p> It turns out that yes, the S&amp;P 500 has historically performed better during the pre-holiday period — but only minimally: average two week return of +0.54% vs. the year-round average of +0.45%. If an extra 9 basis points of performance in two weeks seems exciting enough to you, then sure, Santa Claus has been good to Wall Street.</p><p><blockquote>事实证明，是的，标普500在节前期间的表现历来更好，但只是最低限度：两周平均回报率为+0.54%，而全年平均回报率为+0.45%。如果两周内额外9个基点的表现对您来说足够令人兴奋，那么当然，圣诞老人对华尔街来说一直很好。</blockquote></p><p> The same thing can not be said of Apple stock and its investors. For the past three decades or so, AAPL has produced outstanding average two-week returns of +1.22%. However, in the two weeks preceding Santa’s arrival, returns have been dismal: an average loss of -1.33%.</p><p><blockquote>苹果股票及其投资者就不一样了。在过去三十年左右的时间里，AAPL的平均两周回报率为+1.22%。然而，在圣诞老人到来前的两周，回报却惨淡：平均损失-1.33%。</blockquote></p><p> This observation is consistent with the idea that&nbsp;the holiday period tends to be seasonally weak for Apple shares. December has only been the ninth best month of performance for Apple stock in the year since the launch of the iPhone, in 2007.</p><p><blockquote>这一观察与假期期间苹果股票往往季节性疲软的观点是一致的。自2007年iPhone推出以来，12月只是苹果股票今年表现第九好的月份。</blockquote></p><p> The most likely rationale: investors probably buy into AAPL before the big catalysts, namely the launch of the newest iPhone model in September and Black Friday. During the holiday shopping weeks, investors “sell the news” and shed some of their AAPL holdings.</p><p><blockquote>最有可能的理由：投资者可能会在重大催化剂（即9月份推出最新iPhone型号和黑色星期五）之前买入AAPL。在假日购物周期间，投资者“抛售消息”并抛售部分苹果公司持股。</blockquote></p><p> <b>What next for AAPL?</b></p><p><blockquote><b>AAPL的下一步是什么？</b></blockquote></p><p> If Apple investors feel left out of Santa’s list, they should be more excited about what comes next. Since the early 1990s, Apple stock has produced an average gain of +4.83% in the two weeks following Christmas, which is well above average. This is probably a rebound effect from the traditionally dull, pre-Santa performance. See chart below.</p><p><blockquote>如果苹果投资者觉得自己被排除在圣诞老人的名单之外，他们应该对接下来发生的事情更加兴奋。自20世纪90年代初以来，苹果股票在圣诞节后两周内的平均涨幅为+4.83%，远高于平均水平。这可能是传统上沉闷的圣诞老人前表演的反弹效应。见下图。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27bca749b86e2d2be63accff7a531f64\" tg-width=\"893\" tg-height=\"456\" width=\"100%\" height=\"auto\"><span>Figure 2: Pre-Santa and Post-Santa two week Returns in AAPL and SPY.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图2：AAPL和SPDR标普500指数ETF的圣诞老人前和圣诞老人后两周回报率。</span></p></blockquote></p><p> Something similar happens to the S&amp;P 500, although not to the same extent: the average post-Christmas gains of 0.80% tend to be better than those produced by the Santa rally.</p><p><blockquote>类似的情况也发生在标普500上，尽管程度不同：圣诞节后0.80%的平均涨幅往往好于圣诞老人反弹产生的涨幅。</blockquote></p><p> In the next few trading days, will Apple stock and the broad market perform as well as they have in prior years? We will keep monitoring price action through the year-end holiday to find out.</p><p><blockquote>未来几个交易日，苹果股票和大盘的表现会像往年一样好吗？我们将在年底假期期间继续监测价格走势以找出答案。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/news/apple-stock-what-happens-after-the-santa-claus-rally\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/news/apple-stock-what-happens-after-the-santa-claus-rally","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151032995","content_text":"Santa Claus rally? Apple investors have reasons to be more excited about what comes next. Here is what the data suggests might happen to AAPL share price in the next two weeks.\nSanta Claus almost skipped Wall Street this year. The S&P 500 dipped 3.5% between December 15 and 20, putting into question the year-end rally that some expected to see. But quickly, bullishness came flooding back, as the index jumped 4% in only three days.\nFigure 1: Apple's Watch, iPhone and iPad in a Christmas theme.\nIf the “Santa Claus rally” is real, what happens after the Christmas holiday is over? And more importantly for the Apple Maven: which way will Apple stock head next?\nIs Santa Claus real?\nThe first question to ask is whether the Santa Claus rally is even evident in the data, or simply a myth. Do stocks really tend to spike ahead of December 24?\nThere are a few different ways to approach this one. I looked first at the S&P 500’s performance over any two-week period since the early 1990s. Then, I compared my findings against the market returns in the two weeks that precede the Christmas break.\nIt turns out that yes, the S&P 500 has historically performed better during the pre-holiday period — but only minimally: average two week return of +0.54% vs. the year-round average of +0.45%. If an extra 9 basis points of performance in two weeks seems exciting enough to you, then sure, Santa Claus has been good to Wall Street.\nThe same thing can not be said of Apple stock and its investors. For the past three decades or so, AAPL has produced outstanding average two-week returns of +1.22%. However, in the two weeks preceding Santa’s arrival, returns have been dismal: an average loss of -1.33%.\nThis observation is consistent with the idea that the holiday period tends to be seasonally weak for Apple shares. December has only been the ninth best month of performance for Apple stock in the year since the launch of the iPhone, in 2007.\nThe most likely rationale: investors probably buy into AAPL before the big catalysts, namely the launch of the newest iPhone model in September and Black Friday. During the holiday shopping weeks, investors “sell the news” and shed some of their AAPL holdings.\nWhat next for AAPL?\nIf Apple investors feel left out of Santa’s list, they should be more excited about what comes next. Since the early 1990s, Apple stock has produced an average gain of +4.83% in the two weeks following Christmas, which is well above average. This is probably a rebound effect from the traditionally dull, pre-Santa performance. See chart below.\nFigure 2: Pre-Santa and Post-Santa two week Returns in AAPL and SPY.\nSomething similar happens to the S&P 500, although not to the same extent: the average post-Christmas gains of 0.80% tend to be better than those produced by the Santa rally.\nIn the next few trading days, will Apple stock and the broad market perform as well as they have in prior years? We will keep monitoring price action through the year-end holiday to find out.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696384591,"gmtCreate":1640618651713,"gmtModify":1640618653148,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks.&nbsp;","listText":"Like and comment. Thanks.&nbsp;","text":"Like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/696384591","repostId":"2194177239","repostType":4,"repost":{"id":"2194177239","kind":"news","pubTimestamp":1640559609,"share":"https://www.laohu8.com/m/news/2194177239?lang=zh_CN&edition=full","pubTime":"2021-12-27 07:00","market":"us","language":"en","title":"Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2194177239","media":"Yahoo Finance","summary":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500  is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any ","content":"<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Santa Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSanta Claus Rally watch: What to know this week<blockquote>圣诞老人集会观察：本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2021-12-27 07:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for ...</p><p><blockquote><div>随着交易员从假期缩短的一周中回归，进入新的一年的价格走势将受到密切关注——特别是考虑到相对清淡的经济数据和收益日历...</div></blockquote></p><p>  <a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html\">Yahoo Finance</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4541":"氢能源","BK4096":"电气部件与设备","SPY.AU":"SPDR® S&P 500® ETF Trust","FCEL":"燃料电池能源"},"source_url":"https://finance.yahoo.com/news/santa-claus-rally-watch-what-to-know-this-week-142909627.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194177239","content_text":"As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.\nThe S&P 500 (^GSPC) is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.\nThe term, coined by Stock Trader's Almanac in the 1970s, encompasses the final five trading days of the year and first two sessions of the new year. This year, that Santa Claus Rally window is set to start on Monday, Dec. 27 — or the latest a Santa Claus rally has started in 11 years, due to the timing of the holidays this year.\nAccording to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any given year. Since 1950, the Santa Claus Rally period has produced a positive return for the S&P 500 78.9% of the time, with an average return of 1.33%.\n“Why are these seven days so strong?” wrote Ryan Detrick, LPL Financial chief market strategist, in a note. “Whether optimism over a coming new year, holiday spending, traders on vacation, institutions squaring up their books — or the holiday spirit — the bottom line is that bulls tend to believe in Santa.”\nAnd if history is any indication, the absence of a Santa Claus Rally has also typically served as a harbinger of lower near-term returns.\n\"Going back to the mid-1990s, there have been only six times Santa failed to show in December. January was lower five of those six times, and the full year had a solid gain only once (in 2016, but a mini-bear market early in the year),\" Detrick added.\n“Considering the bear markets of 2000 and 2008 both took place after one of the rare instances that Santa failed to show makes believers out of us,\" he said. A bear market typically refers to when stocks drop at least 20% from recent record highs. \"Should this seasonally strong period miss the mark, it could be a warning sign.\"\nAnd this year, investors do have considerable additional concerns to mull heading into the new year. Though stocks closed out Thursday's session at fresh record highs before the long holiday weekend, December still marked a volatile month to start, with renewed concerns over the Omicron variant and the potential for tighter monetary policy from the Federal Reserve weighing on risk assets. Plus, prospects for more near-term fiscal support via the Biden administration's Build Back Better bill have dwindled, and inflation concerns spiked further. Last week, the Bureau of Economic Analysis reported core personal consumption expenditures (PCE) — the Fed's preferred inflation gauge — rose at a 4.7% year-over-year clip, or the fastest since 1983.\n\"If the U.S. was not battling the Omicron variant, U.S. stocks would be dancing higher as the Santa Claus Rally would have kept the climb going into uncharted territory,\" Edward Moya, chief market strategist at OANDA, wrote in a note last week. \"It is too early to say for sure if we will get a Santa Claus Rally, but given all the short-term risks of Fed tightening, Chinese weakness, fiscal support uncertainty and COVID, Wall Street is not complaining.\"\nA man in a Santa Claus costume gestures on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange on December 5, 2019 in New York. (Photo by Bryan R. Smith / AFP) (Photo by BRYAN R. SMITH/AFP via Getty Images)BRYAN R. SMITH via Getty Images\nEconomic calendar\n\nMonday: Dallas Federal Reserve Manufacturing Activity Index, Dec. (13.0 expected, 11.8 in November)\nTuesday: FHFA House Price Index, month-over-month, October (0.9% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, month-over-month, October (0.9% expected, 0.96% in September); S&P CoreLogic Case-Shiller 20 City Composite Index, year-over-year, October (18.6%. expected, 19.05% in September); S&P CoreLogic Case-Shiller Home Price Index, year-over-year, November (19.51% in October); Richmond Fed Manufacturing Index, December (11 expected,11 in November)\nWednesday: Wholesale Inventories, month-over-month, November preliminary (1.7% expected, 2.3% in October); Advance Goods Trade Balance, November (-$89.0 billion expected, -$82.9 billion in October); Retail Inventories, month-over-month, November (0.5% expected, 0.1% in October); Pending Home Sales, month-over-month, November (0.5% expected, 7.5% in October)\nThursday: Initial jobless claims, week ended Dec. 25. (205,000 during prior week); Continuing claims, week ended Dec. 18 (1.859 million during prior week); MNI Chicago PMI, December (62.2 expected, 61.8 in November)\nFriday: No notable reports scheduled for release\n\nEarnings calendar\n\nMonday: No notable reports scheduled for release\nTuesday: No notable reports scheduled for release\nWednesday: FuelCell Energy Inc. (FCEL) before market open\nThursday: No notable reports scheduled for release\nFriday: No notable reports scheduled for release","news_type":1,"symbols_score_info":{"FCEL":0.9,"SPY.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":1083,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698502388,"gmtCreate":1640431932830,"gmtModify":1640431934316,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698502388","repostId":"2193917819","repostType":4,"isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698502046,"gmtCreate":1640431900319,"gmtModify":1640431901750,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698502046","repostId":"1159652805","repostType":4,"repost":{"id":"1159652805","kind":"news","pubTimestamp":1640397611,"share":"https://www.laohu8.com/m/news/1159652805?lang=zh_CN&edition=full","pubTime":"2021-12-25 10:00","market":"us","language":"en","title":"Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159652805","media":"Renaissance Capital","summary":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday wi","content":"<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商，周四向SEC提交了首次公开募股的申请，筹集至多2900万美元。</blockquote></p><p> The company states that it&nbsp;aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示，它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车（“EV”）技术，利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一，包括船体、舷外电机和控制系统，用于大规模生产。迄今为止，Forza仅设计和制造了电动运动船的原型，尚未将其船只商业化，也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol&nbsp;FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年，计划在纳斯达克上市，股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Electric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElectric boat developer Forza X1 files for a $29 million IPO<blockquote>电动船开发商Forza X1申请2900万美元IPO</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Renaissance Capital</strong><span class=\"h-time small\">2021-12-25 10:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.</p><p><blockquote>Forza X1是一家从Twin Vee PowerCats分拆出来的全电动船开发商，周四向SEC提交了首次公开募股的申请，筹集至多2900万美元。</blockquote></p><p> The company states that it&nbsp;aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.</p><p><blockquote>该公司表示，它的目标是成为首批开发和制造具有大众吸引力的全电动、价格实惠的船只之一。Forza X1专注于创造和实施船用电动汽车（“EV”）技术，利用专有的舷外电动机控制和驱动其电动船。它被认为是首批设计完全集成电动船的公司之一，包括船体、舷外电机和控制系统，用于大规模生产。迄今为止，Forza仅设计和制造了电动运动船的原型，尚未将其船只商业化，也没有出售任何船只。</blockquote></p><p> The Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol&nbsp;FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.</p><p><blockquote>金融时报。总部位于佛罗里达州皮尔斯的公司成立于2009年，计划在纳斯达克上市，股票代码为FRZA。ThinkEquity是该交易的唯一账簿管理人。没有披露定价条款。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO\">Renaissance Capital</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/89801/Electric-boat-developer-Forza-X1-files-for-a-$29-million-IPO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159652805","content_text":"Forza X1, a fully electric boat developer being spun out of Twin Vee PowerCats, filed on Thursday with the SEC to raise up to $29 million in an initial public offering.\nThe company states that it aims to be among the first to develop and manufacture fully electric, affordable boats with mass appeal. Forza X1 is focused on the creation and implementation of marine electric vehicle (\"EV\") technology to control and power its electric boats utilizing a proprietary outboard electric motor. It believes to be one the first companies to design a fully integrated electric boat including the hull, outboard motor and control system for mass production. To date, Forza has designed and manufactured only prototypes of its electric sport boat, has not yet commercialized its boats, and has not sold any boats.\nThe Ft. Pierce, FL-based company was founded in 2009 and plans to list on the Nasdaq under the symbol FRZA. ThinkEquity is the sole bookrunner on the deal. No pricing terms were disclosed.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698506480,"gmtCreate":1640431874364,"gmtModify":1640431875841,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/698506480","repostId":"2193917872","repostType":4,"isVote":1,"tweetType":1,"viewCount":965,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698506271,"gmtCreate":1640431856745,"gmtModify":1640431858257,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698506271","repostId":"1156159690","repostType":4,"isVote":1,"tweetType":1,"viewCount":844,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698057317,"gmtCreate":1640268327946,"gmtModify":1640268509185,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698057317","repostId":"1190771295","repostType":4,"isVote":1,"tweetType":1,"viewCount":1078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698055387,"gmtCreate":1640268098591,"gmtModify":1640268100029,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>go go go","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>go go go","text":"$Apple(AAPL)$go go go","images":[{"img":"https://static.tigerbbs.com/50665f5852fad718195ea7479239062d","width":"1080","height":"3156"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698055387","isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":691708877,"gmtCreate":1640236639968,"gmtModify":1640236641411,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691708877","repostId":"2193113147","repostType":4,"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607914548,"gmtCreate":1639473528940,"gmtModify":1639473786073,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks","listText":"Like and comment. Thanks","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607914548","repostId":"1186457629","repostType":4,"isVote":1,"tweetType":1,"viewCount":793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607914018,"gmtCreate":1639473502116,"gmtModify":1639473782654,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573721781255613","idStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks&nbsp;","listText":"Like and comment. Thanks&nbsp;","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/607914018","repostId":"1162948942","repostType":4,"repost":{"id":"1162948942","kind":"news","pubTimestamp":1639472723,"share":"https://www.laohu8.com/m/news/1162948942?lang=zh_CN&edition=full","pubTime":"2021-12-14 17:05","market":"us","language":"en","title":"Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1162948942","media":"Bloomberg","summary":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S","content":"<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRentokil to Buy Terminix in $6.7 Billion Pest-Control Deal<blockquote>能多洁将以67亿美元的害虫防治交易收购Terminix</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Bloomberg</strong><span class=\"h-time small\">2021-12-14 17:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.</p><p><blockquote>（彭博）——Rentokil Initial Plc同意收购Terminix Global Holdings Inc.，以在全球最大的害虫控制市场美国扩张。</blockquote></p><p> The stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.</p><p><blockquote>根据一份声明，此次股票加现金交易对该公司的估值为67亿美元，隐含价格为每股55美元。这比Terminix上次收盘价溢价47%。两个董事会都支持这笔交易，这是能多洁有史以来最大的收购。</blockquote></p><p> Terminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.</p><p><blockquote>Terminix可以消灭从老鼠、蟑螂到蝎子等害虫，是美国白蚁服务领域最受认可的品牌之一。两家公司表示，此次交易将使能多洁扩大规模并削减成本，并将在完成一年后开始提高盈利。</blockquote></p><p> Rentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.</p><p><blockquote>能多洁股价在伦敦交易中上涨6%，随后回吐涨幅。根据协议条款，英国买家将发行约6.43亿股新股，其中包括美国存托股票。</blockquote></p><p> Terminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.</p><p><blockquote>Terminix股东将拥有扩大后公司约26%的股份，该公司将在伦敦证券交易所和纽约证券交易所交易。他们可以选择在交易中接受现金或股票。能多洁计划支付股票总收购价格的20%。</blockquote></p><p> Overseas Deals</p><p><blockquote>海外交易</blockquote></p><p> The transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.</p><p><blockquote>在投资者一直不鼓励伦敦上市公司进行大胆收购之际，这笔交易标志着英国公司罕见的海外交易。今年宣布的少数此类交易包括Entain Plc收购瑞典在线赌博公司Enlabs AB，以及英澳矿业公司必和必拓集团收购加拿大镍勘探公司Noront Resources Ltd。</blockquote></p><p> Terminix shares have declined 27% this year.</p><p><blockquote>Terminix股价今年已下跌27%。</blockquote></p><p> Rentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.</p><p><blockquote>能多洁约60%的收入来自害虫防治，自2016年以来收购的228家企业中大部分都在该领域。该公司表示，在人口增长、城市化和气候变化的推动下，害虫根除市场持续增长。</blockquote></p><p> Terminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.</p><p><blockquote>Terminix上个月表示，尽管利润率仍在增长，但由于劳动力市场紧张和Covid-19带来的医疗费用，该公司正在努力应对成本上升的问题。在另一场大流行中，随着人们恢复旅行，上个季度对臭虫控制的需求有所增加。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html\">Bloomberg</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMX":"Terminix Global Holdings Inc"},"source_url":"https://finance.yahoo.com/news/rentokil-buy-terminix-6-7-085637844.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162948942","content_text":"(Bloomberg) -- Rentokil Initial Plc agreed to buy Terminix Global Holdings Inc. to expand in the U.S., the world’s largest pest-control market.\nThe stock-and-cash transaction values the company at $6.7 billion with an implied price of $55 per share, according to a statement. That’s a premium of 47% over Terminix’s last close. Both boards backed the deal, which ranks as Rentokil’s largest-ever acquisition.\nTerminix, which eliminates pests ranging from rats and cockroaches to scorpions, is among the most recognized U.S. brands in termite services. The transaction will allow Rentokil to increase scale as well as cut costs, and will start boosting earnings one year after completion, the companies said.\nRentokil shares rose as much as 6% in London trading, before paring those gains. Under the terms of the agreement, the U.K. buyer will issue about 643 million new shares, including American depositary ones.\nTerminix shareholders will own about 26% of the enlarged company, which will trade on the London Stock Exchange and New York Stock Exchange. They can elect to receive cash or shares in the transaction. Rentokil plans to pay 20% of the overall purchase price in stock.\nOverseas Deals\nThe transaction marks a rare overseas deal for a U.K. company at a time when investors have been discouraging London-listed firms from making bold acquisitions. Among the few such deals to be announced this year are Entain Plc’s takeover of Swedish online gambling company Enlabs AB and Anglo-Australian miner BHP Group’s bid for Canadian nickel explorer Noront Resources Ltd.\nTerminix shares have declined 27% this year.\nRentokil garners about 60% of its revenue from pest control and most of the 228 businesses it has acquired since 2016 were in that field. The market for pest eradication continues to grow, fueled by population growth, urbanization and climate change, according to the company.\nTerminix said last month that it’s struggling with higher costs due to tight labor markets and medical expenses brought on by Covid-19, although profit margins are still growing. In another pandemic ripple, demand for bed-bug control picked up last quarter as people resumed travel.","news_type":1,"symbols_score_info":{"TMX":0.9}},"isVote":1,"tweetType":1,"viewCount":1052,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":379205221,"gmtCreate":1618738128963,"gmtModify":1634291162859,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Pls like and comments","listText":"Pls like and comments","text":"Pls like and comments","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":12,"repostSize":0,"link":"https://laohu8.com/post/379205221","repostId":"1175692875","repostType":4,"repost":{"id":"1175692875","kind":"news","pubTimestamp":1618582708,"share":"https://www.laohu8.com/m/news/1175692875?lang=zh_CN&edition=full","pubTime":"2021-04-16 22:18","market":"us","language":"en","title":"$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175692875","media":"zerohedge","summary":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire","content":"<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n$544 Billion In Options Expire Today: Here's What Will Move<blockquote>5440亿美元期权今天到期：以下是将发生的变化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-04-16 22:18</span>\n</p>\n</h4>\n</header>\n<article>\n<p>While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.</p><p><blockquote>虽然这不是四（甚至三）巫术日，但今天的大量每周期权将到期，其中可能一文不值，其他期权将为基础价格提供支持“引脚”。这就是为什么，尽管我们正在享受一个美丽的春季周，高盛指出，单一股票期权交易活动相对于历史水平有所上升。也就是说，4月份每日期权交易量增长了70%，高于3月30日年初至今24亿美元的低点。</blockquote></p><p><b>In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.</b>As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.</p><p><blockquote><b>总体而言，单个股票中有5440亿美元的期权将于今天到期，其中包括3050亿美元的评级。</b>因此，今天的到期对于平值（ATM）期权持有大量未平仓合约的股票可能很重要，因为做市商对其异常大的期权投资组合进行delta对冲将会很活跃。这种流动可能会抑制某些股票的波动，同时加剧其他股票的股价波动。</blockquote></p><p>How to trade this?</p><p><blockquote>这个怎么交易？</blockquote></p><p>As Goldman's Vishal Vivek writes, at major expirations, options traders track situations where<b>a large amount of open interest is set to expire.</b>In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.</p><p><blockquote>正如高盛的维沙尔·维韦克（Vishal Vivek）所写，在重大到期时，期权交易者会跟踪以下情况：<b>大量未平仓合约即将到期。</b>在平价执行（执行价格等于或非常接近当前股价）中存在大量到期未平仓合约的情况下，delta对冲活动可能会影响标的股票当天的交易。如果做市商或其他对其头寸进行delta对冲的期权交易者是净多头ATM期权，则与到期相关的流量可能会产生抑制股价走势的效果，导致股价以大量未平仓合约在行权附近结算。这种情况通常被称为“pin”，对于试图进入/退出股票头寸的大型投资者来说是理想的情况。或者，如果delta对冲者是ATM期权的净空头（具有“负伽马”头寸），他们的对冲活动可能会加剧股价波动。</blockquote></p><p>What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.</p><p><blockquote>这意味着与到期相关的交易可能会导致具有大量ATM未平仓合约的股票的交易活动大幅回升。</blockquote></p><p>So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"<i>expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"</i></p><p><blockquote>因此，为了帮助寻求日内交易机会的交易者，这里有一个表格，列出了今天到期的ATM未平仓合约较大的可能焦点股票，并与标的股票的日均交易量进行了比较。正如高盛所说，“<i>如果未平仓合约占股票交易量的很大一部分，那么与到期相关的活动可能会产生更大的影响。”</i></blockquote></p><p><img src=\"https://static.tigerbbs.com/0dac61cb87c2f2700d8a0e8e64324f81\" tg-width=\"500\" tg-height=\"638\" referrerpolicy=\"no-referrer\">Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"</p><p><blockquote>最后，值得一提的是，今天早上我们在SpotGamma的朋友写道，这是一个相当奇怪的运营支出周期，“持续的几乎机械的出价推动市场走高。我们以前从未见过看涨期权墙“突破”过很多次，但我们在之前的笔记中提到过其他异常现象，例如净看跌期权销售。我们对此有一些理论，我们将在一篇更长的文章中发布。”</blockquote></p><p>According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).<b>These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX&nbsp; (i.e. implied volatility) reversed.</b></p><p><blockquote>根据SG的说法，由于隐含波动率现在已经压缩（即VIX处于新低），现在“长期”波动的潜力更大。回想一下最近市场的任何剧烈下跌都是如何被如此迅速地买入的（见下图）。<b>这些大幅走低与创纪录的VIX飙升同时发生，但随着VIX（即隐含波动率）的逆转，反射性的snap回调将带来同等力度的市场复苏。</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/ae7a60d873792b825bdda669cafa0ed3\" tg-width=\"500\" tg-height=\"297\" referrerpolicy=\"no-referrer\">And one other curious observation from SpotGamma:</p><p><blockquote>SpotGamma的另一个奇怪观察：</blockquote></p><p>When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. <b>We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.</b>With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.&nbsp; Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.&nbsp; Additionally, gamma is higher when IV is lower so gamma flips may have more juice.</p><p><blockquote>当隐含波动率非常高时，它对市场走势非常敏感，也表明市场预计未来会有更大的波动。一旦市场暂停或抓住支撑位，隐含波动率就会迅速反转走低。<b>我们经常想到这样一个类比，如果鲨鱼停止游泳，它就会下沉（部分正确！）.如果市场停止下跌，那么隐含波动率就会下降。</b>正如我们经常谈论的那样，较低的隐含波动率（即较低的VIX）表明做市商必须回购空头对冲，从而推动反弹。SG的结论是：目前较低的隐含波动率水平给了市场更多的下行火力。从较低的隐含波动率开始会“减缓”反应性的“snap回”购买机制。此外，当IV较低时，伽马较高，因此伽马翻转可能有更多的果汁。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/544-billion-options-expire-today-heres-what-will-move?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175692875","content_text":"While it's not quad (or even triple) witching day, today's a whole lot of weekly options will expire, may of which will be worthless, and others will be providing a supporting \"pin\" to underlying prices. It's why, even though we are enjoying a beautiful spring week, Goldman notes that single stock options trading activity is elevated relative to historical levels. To wit, daily options volumes are up 70% in April, up from YTD lows of $2.4bn on 30-Mar.In total, across single stocks, $544BN of options are set to expiry today, including $305BN calls.As such, today’s expiry could be important for stocks with large open interest in at-the-money(ATM) options, as market makers delta-hedging their unusually large options portfolios will be active. This flow is likely to dampen volatility in some names while exacerbating stock price moves in others.How to trade this?As Goldman's Vishal Vivek writes, at major expirations, options traders track situations wherea large amount of open interest is set to expire.In situations where there is a significant amount of expiring open interest in at-the-money strikes (strike prices at or very near the current stockprice), delta-hedging activity can impact the underlying stock’s trading that day. If market makers or other options traders who delta-hedge their positions are net long ATM options, expiration-related flow could have the effect of dampening stock price movements, causing the stock price to settle near the strike with large open interest. This situation is often referred to as a “pin” and can be an ideal situation fora large investor trying to enter/exit a stock position. Alternatively, if delta-hedgers are net short ATM options (have a “negative gamma” position), their hedging activity could exacerbate stock price moves.What that means it expiration-related trades may cause trading activity to aggressively pick up for stocks with a significant amount of ATM open interest.So to help traders looking to hop on for daytrading opportunities, here is a table identifying possible focus stocks with large ATM open interest expiring today, which is compared to the average daily volume of the underlying stocks. As Goldman puts it, \"expiration-related activity is likely to have more of an impact if the open interest represents a significant percentage of the stock’s volume.\"Finally, for what it's worth, this morning our friends at SpotGamma write that this has been a rather strange OPEX cycle, \"with a consistent almost mechanical bid pushing markets higher. We’ve not seen the Call Wall “breached” this many times before, but there are other aberrations that we’ve mentioned in previous notes – like net put sales. We’ve got some theories on this we are posting in a longer form piece.\"According to SG, because implied volatility has now compressed (ie VIX at new lows) there is now more potential for “long term” volatility. Recall how as of late any sharp, violent drop in markets was bought so quickly (see chart below).These bursts lower coincided with record VIX spikes, but a reflective snap-back bid would bring a market recovery of equal force as the VIX  (i.e. implied volatility) reversed.And one other curious observation from SpotGamma:When implied volatility is very high, its very sensitive to market moves and also signaling that markets are expecting more large moves ahead. As soon as markets would pause or catch a support level, that implied volatility would quickly reverse lower. We often think of this analogy that if a shark stops swimming, it sinks ( partially true!). If the market stops dropping then Implied volatility sinks.With this, as we often talk about, lower implied volatility (ie lower VIX) signals market makers have to buy back short hedges which fuels rallies. SG's conclusion: this current level of lower implied volatility now gives the market more downside firepower.  Starting with a lower implied volatility “slows down” that responsive “snap-back” buying mechanism.  Additionally, gamma is higher when IV is lower so gamma flips may have more juice.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130286266,"gmtCreate":1621552785955,"gmtModify":1634188262688,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":7,"commentSize":11,"repostSize":0,"link":"https://laohu8.com/post/130286266","repostId":"2137763179","repostType":4,"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101992145,"gmtCreate":1619834977887,"gmtModify":1634209606238,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks&nbsp;","listText":"Please like and comment. Thanks&nbsp;","text":"Please like and comment. Thanks","images":[{"img":"https://static.tigerbbs.com/2a4fa8754fd42b0928fcf5c290134f9e","width":"1080","height":"2843"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":4,"link":"https://laohu8.com/post/101992145","isVote":1,"tweetType":1,"viewCount":640,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":867731778,"gmtCreate":1633313051311,"gmtModify":1633313077487,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment thanks&nbsp;","listText":"Like and comment thanks&nbsp;","text":"Like and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/867731778","repostId":"2172313961","repostType":4,"isVote":1,"tweetType":1,"viewCount":532,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":872422584,"gmtCreate":1637563350601,"gmtModify":1637563351164,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks.&nbsp;","listText":"Like and comment. Thanks.&nbsp;","text":"Like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/872422584","repostId":"1153786917","repostType":4,"repost":{"id":"1153786917","kind":"news","pubTimestamp":1637534687,"share":"https://www.laohu8.com/m/news/1153786917?lang=zh_CN&edition=full","pubTime":"2021-11-22 06:44","market":"us","language":"en","title":"Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153786917","media":"Barrons","summary":"The tail end of third-quarter earnings season will bring more results from major retailers next week","content":"<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including&nbsp;Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and&nbsp;Gap.</p><p><blockquote>就在购物者为黑色星期五做准备之际，第三季度财报季的尾声将在下周带来更多主要零售商的业绩。周二，投资者将获得一些零售业巨头的季度业绩，包括百思买、伯灵顿商店、迪克体育用品、美元树和Gap。</blockquote></p><p> Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p><p><blockquote>周五将是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。</blockquote></p><p> Non-retail highlights on the earnings calendar next week include&nbsp;Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and&nbsp;VMware&nbsp;on Tuesday, Deere&nbsp;on Wednesday&nbsp;and&nbsp;Pinduoduo,Meituan and RLX Technology&nbsp;on Friday.</p><p><blockquote>下周财报日历上的非零售亮点包括周一的Zoom Video通信、周二的小鹏汽车、小米公司、欧特克、戴尔科技和VMware、周三的Deere以及周五的拼多多、美团-W和RLX科技。</blockquote></p><p> The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p><p><blockquote>全国房地产经纪人协会周一公布了10月份的现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。</blockquote></p><p> On Tuesday,IHS Markit&nbsp;releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p><p><blockquote>周二，IHS Markit发布了11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。</blockquote></p><p> On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p><p><blockquote>周三，联邦公开市场委员会公布了11月初货币政策会议纪要。美国人口普查局还发布10月份耐用品报告，而美国经济分析局则报告10月份个人收入和支出。</blockquote></p><p> U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p><p><blockquote>美国股市和固定收益市场将于周四因感恩节休市。周五，纳斯达克和纽约证券交易所下午1点结束交易，而债券市场下午2点收盘。</blockquote></p><p> Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p><p><blockquote>安捷伦科技、是德科技、Zoom Video通信发布季度业绩。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p><p><blockquote><b>全国协会</b>房地产经纪人报告10月份现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。去年10月，成屋销量达到金融危机后的峰值673万套，今年大部分时间都在下降，部分原因是供应限制，尤其是在房地产市场的低端。</blockquote></p><p> Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p><p><blockquote>ADI公司、欧特克公司、百思买公司、伯灵顿商店公司、戴尔技术公司、迪克体育用品公司、美元树公司、Gap公司、HPInc公司。，J.MSmucker、Jacobs Engineering Group、Medtronic和VMware报告收益。</blockquote></p><p> <b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p><p><blockquote><b>IHS Markit发布</b>11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。这两个数字都略高于10月份的数据。这两个指数都脱离了今年早些时候的峰值，但高于一年前的水平。</blockquote></p><p> <b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p><p><blockquote><b>东亚银行报告</b>其对第三季度国内生产总值的第二次估计。经济学家预测年化增长率为2.2%，高于东亚银行10月底初步估计的2%。</blockquote></p><p> Deere reports fiscal fourth-quarter 2021 results.</p><p><blockquote>Deere公布2021财年第四季度业绩。</blockquote></p><p> <b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会发布11月初货币政策会议纪要。</blockquote></p><p> <b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p><p><blockquote><b>人口普查局</b>发布10月份耐用品报告。经济学家预测耐用品新订单环比增长0.2%，达到2620亿美元。不包括运输，新订单预计将增长0.5%，与9月份的增幅持平。</blockquote></p><p> <b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p><p><blockquote><b>东亚银行报告</b>10月份个人收入和支出。看涨期权普遍认为，继9月份收入下降1%后，每月收入将增长0.4%。个人支出预计将环比增长1%，快于9月份0.6%的增幅。</blockquote></p><p> <b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p><p><blockquote><b>美国证券交易所</b>固定收益市场因感恩节休市。</blockquote></p><p> <b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p><p><blockquote><b>今天是黑色星期五</b>这是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。美国交易所在感恩节后的第二天缩短了交易时段。纳斯达克和纽约证券交易所下午1点结束交易，债券市场下午2点收盘。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy, Zoom, Pinduoduo, Xpeng,Xiaomi,Meituan and Other Stocks for Investors to Watch This Week<blockquote>百思买、Zoom、拼多多、小鹏汽车、小米、美团-W等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-22 06:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including&nbsp;Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and&nbsp;Gap.</p><p><blockquote>就在购物者为黑色星期五做准备之际，第三季度财报季的尾声将在下周带来更多主要零售商的业绩。周二，投资者将获得一些零售业巨头的季度业绩，包括百思买、伯灵顿商店、迪克体育用品、美元树和Gap。</blockquote></p><p> Friday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.</p><p><blockquote>周五将是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。</blockquote></p><p> Non-retail highlights on the earnings calendar next week include&nbsp;Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and&nbsp;VMware&nbsp;on Tuesday, Deere&nbsp;on Wednesday&nbsp;and&nbsp;Pinduoduo,Meituan and RLX Technology&nbsp;on Friday.</p><p><blockquote>下周财报日历上的非零售亮点包括周一的Zoom Video通信、周二的小鹏汽车、小米公司、欧特克、戴尔科技和VMware、周三的Deere以及周五的拼多多、美团-W和RLX科技。</blockquote></p><p> The National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.</p><p><blockquote>全国房地产经纪人协会周一公布了10月份的现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。</blockquote></p><p> On Tuesday,IHS Markit&nbsp;releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.</p><p><blockquote>周二，IHS Markit发布了11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。</blockquote></p><p> On Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.</p><p><blockquote>周三，联邦公开市场委员会公布了11月初货币政策会议纪要。美国人口普查局还发布10月份耐用品报告，而美国经济分析局则报告10月份个人收入和支出。</blockquote></p><p> U.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.</p><p><blockquote>美国股市和固定收益市场将于周四因感恩节休市。周五，纳斯达克和纽约证券交易所下午1点结束交易，而债券市场下午2点收盘。</blockquote></p><p> Agilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.</p><p><blockquote>安捷伦科技、是德科技、Zoom Video通信发布季度业绩。</blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.</p><p><blockquote><b>全国协会</b>房地产经纪人报告10月份现房销售情况。市场普遍估计，经季节调整后，房屋销售量为619万套，比9月份减少10万套。去年10月，成屋销量达到金融危机后的峰值673万套，今年大部分时间都在下降，部分原因是供应限制，尤其是在房地产市场的低端。</blockquote></p><p> Analog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.</p><p><blockquote>ADI公司、欧特克公司、百思买公司、伯灵顿商店公司、戴尔技术公司、迪克体育用品公司、美元树公司、Gap公司、HPInc公司。，J.MSmucker、Jacobs Engineering Group、Medtronic和VMware报告收益。</blockquote></p><p> <b>IHS Markit releases</b> both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.</p><p><blockquote><b>IHS Markit发布</b>11月份制造业和服务业采购经理人指数。预期制造业PMI为59.5，服务业PMI为59。这两个数字都略高于10月份的数据。这两个指数都脱离了今年早些时候的峰值，但高于一年前的水平。</blockquote></p><p> <b>The BEA reports</b> its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.</p><p><blockquote><b>东亚银行报告</b>其对第三季度国内生产总值的第二次估计。经济学家预测年化增长率为2.2%，高于东亚银行10月底初步估计的2%。</blockquote></p><p> Deere reports fiscal fourth-quarter 2021 results.</p><p><blockquote>Deere公布2021财年第四季度业绩。</blockquote></p><p> <b>The Federal Open Market</b> Committee releases minutes from its early-November monetary-policy meeting.</p><p><blockquote><b>联邦公开市场</b>委员会发布11月初货币政策会议纪要。</blockquote></p><p> <b>The Census Bureau</b> releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.</p><p><blockquote><b>人口普查局</b>发布10月份耐用品报告。经济学家预测耐用品新订单环比增长0.2%，达到2620亿美元。不包括运输，新订单预计将增长0.5%，与9月份的增幅持平。</blockquote></p><p> <b>The BEA reports</b> personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.</p><p><blockquote><b>东亚银行报告</b>10月份个人收入和支出。看涨期权普遍认为，继9月份收入下降1%后，每月收入将增长0.4%。个人支出预计将环比增长1%，快于9月份0.6%的增幅。</blockquote></p><p> <b>U.S. bourses</b> and fixed-income markets are closed in observance of Thanksgiving.</p><p><blockquote><b>美国证券交易所</b>固定收益市场因感恩节休市。</blockquote></p><p> <b>It’s Black Friday</b>, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.</p><p><blockquote><b>今天是黑色星期五</b>这是一年中最繁忙的购物日之一，也是假日购物季的传统开始。美国零售联合会估计，今年11月和12月，美国消费者的支出将达到创纪录的8510亿美元，比去年增长9.5%。美国交易所在感恩节后的第二天缩短了交易时段。纳斯达克和纽约证券交易所下午1点结束交易，债券市场下午2点收盘。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DE":"迪尔股份有限公司",".DJI":"道琼斯","ZM":"Zoom","BBY":"百思买",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","DELL":"戴尔"},"source_url":"https://www.barrons.com/articles/best-buy-zoom-dell-deere-and-other-stocks-for-investors-to-watch-this-week-51637524800?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153786917","content_text":"The tail end of third-quarter earnings season will bring more results from major retailers next week, just as shoppers prepare for Black Friday. On Tuesday, investors will get quarterly results from some of retail’s biggest names, including Best Buy,Burlington Stores,Dick’s Sporting Goods,Dollar Tree,and Gap.\nFriday will bring one of the busiest shopping days of the year and the traditional kick off for holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year.\nNon-retail highlights on the earnings calendar next week include Zoom Video Communications on Monday,Xpeng,Xiaomi Corporation,Autodesk,Dell Technologies,and VMware on Tuesday, Deere on Wednesday and Pinduoduo,Meituan and RLX Technology on Friday.\nThe National Association of Realtors reports existing-home sales for October on Monday. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September.\nOn Tuesday,IHS Markit releases both the manufacturing and services purchasing managers’ indexes for November. Expectations are for a 59.5 reading for the manufacturing PMI and 59 for the services PMI.\nOn Wednesday, the Federal Open Market Committee releases minutes from its early-November monetary-policy meeting. The U.S. Census Bureau also releases the durable-goods report for October, while the U.S. Bureau of Economic Analysis reports personal income and spending for October.\nU.S. bourses and fixed-income markets will be closed on Thursday for Thanksgiving. On Friday, the Nasdaq and New York Stock Exchange end trading at 1 p.m., while the bond market closes at 2 p.m.\nAgilent Technologies,Keysight Technologies,and Zoom Video Communications release quarterly results.\nThe National Association of Realtors reports existing-home sales for October. The consensus estimate is for a seasonally adjusted annual rate of 6.19 million homes sold, 100,000 fewer than in September. Existing-home sales hit their post-financial-crisis peak at 6.73 million last October and have fallen for much of this year, partly due to supply constraints, especially at the lower-price end of the housing market.\nAnalog Devices,Autodesk, Best Buy, Burlington Stores, Dell Technologies, Dick’s Sporting Goods, Dollar Tree, Gap,HPInc.,J.M. Smucker, Jacobs Engineering Group,Medtronic,and VMware report earnings.\nIHS Markit releases both the Manufacturing and Services Purchasing Managers’ indexes for November. Expectations are for a 59.5 reading for the Manufacturing PMI and 59 for the Services PMI. Both figures are slightly more than the October data. Both indexes are off their peaks from earlier this year, but higher than their levels from a year ago.\nThe BEA reports its second estimate of third-quarter gross domestic product. Economists forecast a 2.2% annualized rate of growth, higher than the BEA’s preliminary estimate of 2% from late October.\nDeere reports fiscal fourth-quarter 2021 results.\nThe Federal Open Market Committee releases minutes from its early-November monetary-policy meeting.\nThe Census Bureau releases the durable-goods report for October. Economists forecast a 0.2% month-over-month increase in new orders for manufactured durable goods, to $262 billion. Excluding transportation, new orders are seen rising 0.5%, matching the September gain.\nThe BEA reports personal income and spending for October. The consensus call is for a 0.4% monthly increase in income after a 1% decline in September. Personal spending is expected to rise 1%, month over month, a faster clip than September’s 0.6% gain.\nU.S. bourses and fixed-income markets are closed in observance of Thanksgiving.\nIt’s Black Friday, one of the busiest shopping days of the year and the traditional kickoff to the holiday shopping season. The National Retail Federation estimates that a record $851 billion will be spent by U.S. consumers this November and December, a 9.5% increase from last year. U.S. exchanges have a shortened trading session on the day after Thanksgiving. The Nasdaq and New York Stock Exchange end trading at 1 p.m., and the bond market closes at 2 p.m.","news_type":1,"symbols_score_info":{".DJI":0.9,"DE":0.9,"DELL":0.9,".IXIC":0.9,"ZM":0.9,"BBY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":802242113,"gmtCreate":1627784646432,"gmtModify":1633756427880,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks&nbsp;","listText":"Please like and comment. Thanks&nbsp;","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/802242113","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161934124,"gmtCreate":1623899915468,"gmtModify":1631889837575,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MAXR\">$Maxar Technologies Ltd.(MAXR)$</a>go up more please... 😃😃😃","listText":"<a href=\"https://laohu8.com/S/MAXR\">$Maxar Technologies Ltd.(MAXR)$</a>go up more please... 😃😃😃","text":"$Maxar Technologies Ltd.(MAXR)$go up more please... 😃😃😃","images":[{"img":"https://static.tigerbbs.com/9c99ddd4169539fc24e4e1dfaea09f99","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":3,"link":"https://laohu8.com/post/161934124","isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130284176,"gmtCreate":1621552876495,"gmtModify":1634188259756,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/130284176","repostId":"1114639105","repostType":4,"repost":{"id":"1114639105","kind":"news","pubTimestamp":1621524985,"share":"https://www.laohu8.com/m/news/1114639105?lang=zh_CN&edition=full","pubTime":"2021-05-20 23:36","market":"us","language":"en","title":"Today's Tech Sell-Off: Where to Invest $5,000 for the Next 5 Years<blockquote>今日科技股抛售：未来5年在哪里投资5,000美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114639105","media":"Motley Fool","summary":"These tech giants might multiply your $5,000 investment substantially in the coming years.The Nasdaq-100 Technology Sector index has retreated more than 7% in the past month, bringing down the valuations of some fast-growing names in tech that were considered overvalued earlier. But one shouldn't forget that this same index has jumped more than 240% in the past five years, which means that a $5,000 investment in the index would be worth $17,000 now.Advanced Micro Devices  stock has done even bet","content":"<p>These tech giants might multiply your $5,000 investment substantially in the coming years.</p><p><blockquote>这些科技巨头可能会在未来几年大幅增加你的5000美元投资。</blockquote></p><p> The&nbsp;<b>Nasdaq-100 Technology Sector</b>&nbsp;index has retreated more than 7% in the past month, bringing down the valuations of some fast-growing names in tech that were considered overvalued earlier. But one shouldn't forget that this same index has jumped more than 240% in the past five years, which means that a $5,000 investment in the index would be worth $17,000 now.</p><p><blockquote>The<b>纳斯达克100指数科技板块</b>该指数在过去一个月下跌了7%以上，导致一些快速增长的科技公司的估值下降，这些公司此前被认为估值过高。但人们不应该忘记，同一指数在过去五年中上涨了240%以上，这意味着对该指数的5,000美元投资现在价值17,000美元。</blockquote></p><p> <b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;stock has done even better over five years, rising over 1,850% and turning $5,000 into nearly $100,000. Rival graphics card specialist&nbsp;<b>NVIDIA</b>(NASDAQ:NVDA)has soared over 1,200% over a similar period. Both stocks have pulled back thanks to the tech sell-off, but these two stocks could deliver outsized gains over the next five years as well, thanks to the catalysts they are sitting on. Let's find out why.</p><p><blockquote><b>先进微设备公司</b>（纳斯达克：AMD）股票五年来表现更好，上涨了1,850%以上，从5,000美元变成了近100,000美元。竞争对手显卡专家<b>英伟达</b>（纳斯达克：NVDA）同期飙升超过1,200%。由于科技股的抛售，这两只股票都出现了回调，但由于它们所处的催化剂，这两只股票也可能在未来五年内带来巨大的涨幅。让我们找出原因。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45c65cfc8b2918e175d465448db6ae7c\" tg-width=\"2000\" tg-height=\"1427\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Advanced Micro Devices</b></p><p><blockquote><b>1.先进微设备公司</b></blockquote></p><p> AMD's fortunes have&nbsp;changed big time&nbsp;over the past five years. A competitive product lineup has allowed it to&nbsp;take market share away&nbsp;from&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;in the x86 processor market, a trend that's expected to continue in the next five years.</p><p><blockquote>过去五年，AMD的命运发生了巨大变化。具有竞争力的产品阵容使其能够从<b>英特尔</b>（纳斯达克：INTC）在x86处理器市场，这一趋势预计将在未来五年内持续下去。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c49fb00a03d9fc043669c6253b537fc8\" tg-width=\"720\" tg-height=\"387\"><span>AMD DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的AMD数据</span></p></blockquote></p><p> AMD has made solid progress in the PC market through its Ryzen CPUs (central processing units) and Radeon GPUs (graphics processing units). According to the latest data&nbsp;from Steam Hardware Survey for April, AMD now controls almost 29.5% of the PC CPU space. It controlled 25% of the market in December 2020, with Intel holding the rest. Steam data is a credible source for PC market share information, as the platform is used by 120 million monthly active users worldwide.</p><p><blockquote>AMD通过其Ryzen CPU（中央处理器）和Radeon GPU（图形处理器）在PC市场取得了坚实的进展。根据Steam硬件调查4月份的最新数据，AMD现在控制了近29.5%的PC CPU空间。2020年12月，它控制了25%的市场份额，其余份额由英特尔持有。Steam数据是PC市场份额信息的可靠来源，因为该平台在全球有1.2亿月活跃用户使用。</blockquote></p><p> Meanwhile, Mercury Research estimates that AMD's desktop PC market share increased to 19.3% at the end of the first quarter, up from just 11.4% four years ago. It also holds 18% of the mobile CPU market. AMD's CPU market share is expected to&nbsp;jump as high as 50%&nbsp;in 2021 as per Wall Street. This doesn't seem surprising given thetechnology advantage&nbsp;AMD enjoys over Intel, as well as&nbsp;Chipzilla's troubles&nbsp;with getting its latest chips out of the gate.</p><p><blockquote>与此同时，Mercury Research估计，AMD在第一季度末的桌面PC市场份额从四年前的11.4%增至19.3%。它还占据了18%的移动CPU市场。据华尔街报道，AMD的CPU市场份额预计将在2021年跃升至50%。考虑到AMD相对于英特尔的技术优势，以及Chipzilla在推出最新芯片方面遇到的麻烦，这似乎并不奇怪。</blockquote></p><p> AMD has also turned on the heat in the laptop market. The company's Ryzen 5000 mobile processors are expected to&nbsp;power 50% more models&nbsp;this year and pave the way for more market share gains.</p><p><blockquote>AMD也开启了笔记本电脑市场的热度。该公司的锐龙5000移动处理器预计今年将为多50%的型号提供动力，并为更多的市场份额增长铺平道路。</blockquote></p><p> Meanwhile, AMD has made solid progress in the server processor market, finishing Q1 with an 8.9% share. It was nowhere to be seen in server processors four years ago, but the&nbsp;arrival of the EPYC chips&nbsp;has given it a big shot in the arm. AMD is poised to&nbsp;take away more market share&nbsp;from Intel in servers in the coming years and could make billions of dollars from this space.</p><p><blockquote>与此同时，AMD在服务器处理器市场取得了坚实的进展，第一季度以8.9%的份额结束。四年前，它在服务器处理器中还看不到，但EPYC芯片的到来给了它一剂强心针。AMD准备在未来几年从英特尔手中夺走更多服务器市场份额，并可能从这一领域赚取数十亿美元。</blockquote></p><p> On the other hand, the arrival of the latest gaming consoles from&nbsp;<b>Sony</b>&nbsp;and&nbsp;<b>Microsoft</b>&nbsp;that are powered by AMD's chips is&nbsp;moving the needle in a big way&nbsp;for the chipmaker. The PlayStation 5 has sold 7.8 million units so far. It is expected&nbsp;to sell over 200 million units over its lifetime, according to an analyst at Japanese firm Rakuten Securities, as compared to 116 million units of the previous generation PS4.</p><p><blockquote>另一方面，最新游戏机的到来<b>索尼</b>和<b>微软</b>由AMD芯片驱动的芯片对这家芯片制造商来说是一个巨大的推动。PlayStation 5迄今为止已售出780万台。据日本乐天证券公司（Rakuten Securities）的一位分析师称，预计它在其生命周期内的销量将超过2亿台，而上一代PS4的销量为1.16亿台。</blockquote></p><p> What's more, AMD is reportedly getting&nbsp;80% more revenue from each unit of the PS5 over the PS4. So, a combination of higher shipments and stronger revenue from each gaming console should unlock a massive revenue opportunity for the company in the long run. Not surprisingly, analysts expect&nbsp;AMD to deliver almost 30% annual earnings growth over the next five years -- making it a&nbsp;top growth stock&nbsp;where one can park $5,000 right now, given that it is trading at less than 28 times&nbsp;forward earnings.</p><p><blockquote>更重要的是，据报道，AMD从每台PS5中获得的收入比PS4多80%。因此，从长远来看，每台游戏机更高的出货量和更强劲的收入相结合，应该会为公司带来巨大的收入机会。毫不奇怪，分析师预计AMD在未来五年内将实现近30%的年盈利增长——鉴于其预期市盈率不到28倍，这使其成为目前可以投资5,000美元的顶级成长股。</blockquote></p><p> <b>2. NVIDIA</b></p><p><blockquote><b>2.英伟达</b></blockquote></p><p> NVIDIA has come a long way in the past five years. The chipmaker has&nbsp;branched out into&nbsp;several fast-growing applications such as data centers, artificial intelligence, autonomous cars, and&nbsp;5G wireless networks&nbsp;from supplying graphics cards for gaming PCs.</p><p><blockquote>英伟达在过去五年中取得了长足的进步。这家芯片制造商已从为游戏PC提供显卡扩展到数据中心、人工智能、自动驾驶汽车和5G无线网络等多个快速增长的应用领域。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60ad2c7070e39d4c3cca24654ff15c3d\" tg-width=\"720\" tg-height=\"387\"><span>NVDA DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的NVDA数据</span></p></blockquote></p><p> Gaming continues to be NVIDIA's biggest source of revenue, accounting for 46% of its top line last fiscal year. The segment's revenue was up 41% in fiscal 2021 to $7.7 billion, thanks to the launch of NVIDIA's new RTX 30 series graphics cards, which have set the sales charts on fire by triggering a&nbsp;massive upgrade cycle.</p><p><blockquote>游戏仍然是英伟达最大的收入来源，占其上一财年营收的46%。得益于英伟达新RTX 30系列显卡的推出，该部门的收入在2021财年增长了41%，达到77亿美元，这些显卡通过引发大规模升级周期而点燃了销售排行榜。</blockquote></p><p></p><p> NVIDIA estimates that 85% of its installed base is yet to upgrade to the RTX series cards, which pack a&nbsp;huge performance bump&nbsp;at aggressive price points over prior generation cards. That's a huge opportunity, as NVIDIA's installed base of gaming graphics cards&nbsp;stands at 140 million. More importantly, the company's new GPUs are driving an increase in the average selling price (ASP).</p><p><blockquote>NVIDIA估计，其85%的安装基础尚未升级到RTX系列卡，与上一代卡相比，RTX系列卡的性能大幅提升，价格极具竞争力。这是一个巨大的机会，因为NVIDIA的游戏显卡安装基数为1.4亿。更重要的是，该公司的新GPU正在推动平均售价（ASP）的上涨。</blockquote></p><p> The latest Ampere-based GPUs recorded&nbsp;an ASP of $360 in the first six months of their launch thanks to an increase in the proportion of customers buying higher-priced cards. That's 20% higher than the previous generation Turing cards that had an ASP of $300 in the initial six months, and well above the $245 ASP of the Pascal cards that were released&nbsp;five years ago.</p><p><blockquote>由于购买高价卡的客户比例增加，最新的基于Ampere的GPU在推出的前六个月的平均售价为360美元。这比上一代图灵卡在最初六个月的平均售价为300美元高出20%，也远高于五年前发布的Pascal卡的平均售价245美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/248662e56d72ba00757a9c18076ebd6b\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> So, NVIDIA's gaming business could keep growing at a terrific pace over the next five years thanks to a combination of strong volumes and improved pricing. Jon Peddie Research estimates&nbsp;that 41.5 million discrete GPUs were sold in 2020, and NVIDIA&nbsp;dominated this market&nbsp;with a share of 82% at the end of the year. This bodes well for NVIDIA's future, as the GPU market is expected to clock annual growth of nearly 34% through 2027 as per third-party&nbsp;estimates.</p><p><blockquote>因此，得益于强劲的销量和改进的定价，英伟达的游戏业务可能会在未来五年内继续以惊人的速度增长。Jon Peddie Research估计，2020年售出了4150万个独立GPU，英伟达在年底以82%的份额主导了这一市场。这对NVIDIA的未来来说是个好兆头，因为根据第三方的估计，到2027年，GPU市场的年增长率预计将接近34%。</blockquote></p><p> Beyond gaming, NVIDIA is sitting on huge opportunities in nascent markets such as self-driving cars. The company has struck several partnerships in this space and has already lined up automotive design wins&nbsp;worth $8 billion&nbsp;for the next five years. This figure could keep growing thanks to NVIDIA's solid product roadmap, which indicates that it is working on more powerful self-driving platforms that should hit the market in the coming years.</p><p><blockquote>除了游戏之外，英伟达还在自动驾驶汽车等新兴市场坐拥巨大机遇。该公司已在该领域建立了多个合作伙伴关系，并已在未来五年内赢得了价值80亿美元的汽车设计大奖。由于英伟达坚实的产品路线图，这一数字可能会继续增长，这表明它正在开发更强大的自动驾驶平台，这些平台应该会在未来几年上市。</blockquote></p><p> Throw in the fact that NVIDIA's terrific growth in the data center market won't be fading any time soon, and investors will have one more reason to hold on to this tech titan. The data center business generated $6.7 billion in revenue in FY21, up 124% year over year. It accounted for 40% of the total revenue. NVIDIA is now branching out into new areas to ensure that this business keeps growing at elevated rates.</p><p><blockquote>再加上英伟达在数据中心市场的惊人增长不会很快消退，投资者将有更多理由持有这家科技巨头。数据中心业务在2021财年创造了67亿美元的收入，同比增长124%。占总收入的40%。NVIDIA现在正在拓展新领域，以确保该业务保持高速增长。</blockquote></p><p> It recently announced&nbsp;the Grace CPU, a server processor that's expected to go on sale in 2023. This would be new territory for NVIDIA, and success here could supercharge the company's data center business, as the server processor market is expected to be worth $19 billion&nbsp;by 2023.</p><p><blockquote>它最近宣布了Grace CPU，这是一款服务器处理器，预计将于2023年上市。这对英伟达来说将是一个新的领域，在这方面的成功可能会推动该公司的数据中心业务，因为预计到2023年，服务器处理器市场的价值将达到190亿美元。</blockquote></p><p> So, NVIDIA still has a lot of room for growth. Analysts forecast 20%-plus annual earnings growth for the next five years, though NVIDIA could do better if the new opportunities it is attacking bear fruit. In all, NVIDIA looks like a top stock where investors can park $5,000, as it is set for multi-year growth and trades at an attractive 36 times&nbsp;forward earnings as compared to 2020's average multiple of 46.</p><p><blockquote>所以，英伟达还有很大的增长空间。分析师预测未来五年的年盈利增长将超过20%，不过如果英伟达正在攻击的新机会取得成果，它可能会做得更好。总而言之，英伟达看起来是一只投资者可以投资5,000美元的顶级股票，因为它有望实现多年增长，并且预期市盈率为36倍，而2020年的平均市盈率为46倍，颇具吸引力。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Today's Tech Sell-Off: Where to Invest $5,000 for the Next 5 Years<blockquote>今日科技股抛售：未来5年在哪里投资5,000美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToday's Tech Sell-Off: Where to Invest $5,000 for the Next 5 Years<blockquote>今日科技股抛售：未来5年在哪里投资5,000美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-05-20 23:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>These tech giants might multiply your $5,000 investment substantially in the coming years.</p><p><blockquote>这些科技巨头可能会在未来几年大幅增加你的5000美元投资。</blockquote></p><p> The&nbsp;<b>Nasdaq-100 Technology Sector</b>&nbsp;index has retreated more than 7% in the past month, bringing down the valuations of some fast-growing names in tech that were considered overvalued earlier. But one shouldn't forget that this same index has jumped more than 240% in the past five years, which means that a $5,000 investment in the index would be worth $17,000 now.</p><p><blockquote>The<b>纳斯达克100指数科技板块</b>该指数在过去一个月下跌了7%以上，导致一些快速增长的科技公司的估值下降，这些公司此前被认为估值过高。但人们不应该忘记，同一指数在过去五年中上涨了240%以上，这意味着对该指数的5,000美元投资现在价值17,000美元。</blockquote></p><p> <b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;stock has done even better over five years, rising over 1,850% and turning $5,000 into nearly $100,000. Rival graphics card specialist&nbsp;<b>NVIDIA</b>(NASDAQ:NVDA)has soared over 1,200% over a similar period. Both stocks have pulled back thanks to the tech sell-off, but these two stocks could deliver outsized gains over the next five years as well, thanks to the catalysts they are sitting on. Let's find out why.</p><p><blockquote><b>先进微设备公司</b>（纳斯达克：AMD）股票五年来表现更好，上涨了1,850%以上，从5,000美元变成了近100,000美元。竞争对手显卡专家<b>英伟达</b>（纳斯达克：NVDA）同期飙升超过1,200%。由于科技股的抛售，这两只股票都出现了回调，但由于它们所处的催化剂，这两只股票也可能在未来五年内带来巨大的涨幅。让我们找出原因。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45c65cfc8b2918e175d465448db6ae7c\" tg-width=\"2000\" tg-height=\"1427\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>1. Advanced Micro Devices</b></p><p><blockquote><b>1.先进微设备公司</b></blockquote></p><p> AMD's fortunes have&nbsp;changed big time&nbsp;over the past five years. A competitive product lineup has allowed it to&nbsp;take market share away&nbsp;from&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;in the x86 processor market, a trend that's expected to continue in the next five years.</p><p><blockquote>过去五年，AMD的命运发生了巨大变化。具有竞争力的产品阵容使其能够从<b>英特尔</b>（纳斯达克：INTC）在x86处理器市场，这一趋势预计将在未来五年内持续下去。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c49fb00a03d9fc043669c6253b537fc8\" tg-width=\"720\" tg-height=\"387\"><span>AMD DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的AMD数据</span></p></blockquote></p><p> AMD has made solid progress in the PC market through its Ryzen CPUs (central processing units) and Radeon GPUs (graphics processing units). According to the latest data&nbsp;from Steam Hardware Survey for April, AMD now controls almost 29.5% of the PC CPU space. It controlled 25% of the market in December 2020, with Intel holding the rest. Steam data is a credible source for PC market share information, as the platform is used by 120 million monthly active users worldwide.</p><p><blockquote>AMD通过其Ryzen CPU（中央处理器）和Radeon GPU（图形处理器）在PC市场取得了坚实的进展。根据Steam硬件调查4月份的最新数据，AMD现在控制了近29.5%的PC CPU空间。2020年12月，它控制了25%的市场份额，其余份额由英特尔持有。Steam数据是PC市场份额信息的可靠来源，因为该平台在全球有1.2亿月活跃用户使用。</blockquote></p><p> Meanwhile, Mercury Research estimates that AMD's desktop PC market share increased to 19.3% at the end of the first quarter, up from just 11.4% four years ago. It also holds 18% of the mobile CPU market. AMD's CPU market share is expected to&nbsp;jump as high as 50%&nbsp;in 2021 as per Wall Street. This doesn't seem surprising given thetechnology advantage&nbsp;AMD enjoys over Intel, as well as&nbsp;Chipzilla's troubles&nbsp;with getting its latest chips out of the gate.</p><p><blockquote>与此同时，Mercury Research估计，AMD在第一季度末的桌面PC市场份额从四年前的11.4%增至19.3%。它还占据了18%的移动CPU市场。据华尔街报道，AMD的CPU市场份额预计将在2021年跃升至50%。考虑到AMD相对于英特尔的技术优势，以及Chipzilla在推出最新芯片方面遇到的麻烦，这似乎并不奇怪。</blockquote></p><p> AMD has also turned on the heat in the laptop market. The company's Ryzen 5000 mobile processors are expected to&nbsp;power 50% more models&nbsp;this year and pave the way for more market share gains.</p><p><blockquote>AMD也开启了笔记本电脑市场的热度。该公司的锐龙5000移动处理器预计今年将为多50%的型号提供动力，并为更多的市场份额增长铺平道路。</blockquote></p><p> Meanwhile, AMD has made solid progress in the server processor market, finishing Q1 with an 8.9% share. It was nowhere to be seen in server processors four years ago, but the&nbsp;arrival of the EPYC chips&nbsp;has given it a big shot in the arm. AMD is poised to&nbsp;take away more market share&nbsp;from Intel in servers in the coming years and could make billions of dollars from this space.</p><p><blockquote>与此同时，AMD在服务器处理器市场取得了坚实的进展，第一季度以8.9%的份额结束。四年前，它在服务器处理器中还看不到，但EPYC芯片的到来给了它一剂强心针。AMD准备在未来几年从英特尔手中夺走更多服务器市场份额，并可能从这一领域赚取数十亿美元。</blockquote></p><p> On the other hand, the arrival of the latest gaming consoles from&nbsp;<b>Sony</b>&nbsp;and&nbsp;<b>Microsoft</b>&nbsp;that are powered by AMD's chips is&nbsp;moving the needle in a big way&nbsp;for the chipmaker. The PlayStation 5 has sold 7.8 million units so far. It is expected&nbsp;to sell over 200 million units over its lifetime, according to an analyst at Japanese firm Rakuten Securities, as compared to 116 million units of the previous generation PS4.</p><p><blockquote>另一方面，最新游戏机的到来<b>索尼</b>和<b>微软</b>由AMD芯片驱动的芯片对这家芯片制造商来说是一个巨大的推动。PlayStation 5迄今为止已售出780万台。据日本乐天证券公司（Rakuten Securities）的一位分析师称，预计它在其生命周期内的销量将超过2亿台，而上一代PS4的销量为1.16亿台。</blockquote></p><p> What's more, AMD is reportedly getting&nbsp;80% more revenue from each unit of the PS5 over the PS4. So, a combination of higher shipments and stronger revenue from each gaming console should unlock a massive revenue opportunity for the company in the long run. Not surprisingly, analysts expect&nbsp;AMD to deliver almost 30% annual earnings growth over the next five years -- making it a&nbsp;top growth stock&nbsp;where one can park $5,000 right now, given that it is trading at less than 28 times&nbsp;forward earnings.</p><p><blockquote>更重要的是，据报道，AMD从每台PS5中获得的收入比PS4多80%。因此，从长远来看，每台游戏机更高的出货量和更强劲的收入相结合，应该会为公司带来巨大的收入机会。毫不奇怪，分析师预计AMD在未来五年内将实现近30%的年盈利增长——鉴于其预期市盈率不到28倍，这使其成为目前可以投资5,000美元的顶级成长股。</blockquote></p><p> <b>2. NVIDIA</b></p><p><blockquote><b>2.英伟达</b></blockquote></p><p> NVIDIA has come a long way in the past five years. The chipmaker has&nbsp;branched out into&nbsp;several fast-growing applications such as data centers, artificial intelligence, autonomous cars, and&nbsp;5G wireless networks&nbsp;from supplying graphics cards for gaming PCs.</p><p><blockquote>英伟达在过去五年中取得了长足的进步。这家芯片制造商已从为游戏PC提供显卡扩展到数据中心、人工智能、自动驾驶汽车和5G无线网络等多个快速增长的应用领域。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60ad2c7070e39d4c3cca24654ff15c3d\" tg-width=\"720\" tg-height=\"387\"><span>NVDA DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的NVDA数据</span></p></blockquote></p><p> Gaming continues to be NVIDIA's biggest source of revenue, accounting for 46% of its top line last fiscal year. The segment's revenue was up 41% in fiscal 2021 to $7.7 billion, thanks to the launch of NVIDIA's new RTX 30 series graphics cards, which have set the sales charts on fire by triggering a&nbsp;massive upgrade cycle.</p><p><blockquote>游戏仍然是英伟达最大的收入来源，占其上一财年营收的46%。得益于英伟达新RTX 30系列显卡的推出，该部门的收入在2021财年增长了41%，达到77亿美元，这些显卡通过引发大规模升级周期而点燃了销售排行榜。</blockquote></p><p></p><p> NVIDIA estimates that 85% of its installed base is yet to upgrade to the RTX series cards, which pack a&nbsp;huge performance bump&nbsp;at aggressive price points over prior generation cards. That's a huge opportunity, as NVIDIA's installed base of gaming graphics cards&nbsp;stands at 140 million. More importantly, the company's new GPUs are driving an increase in the average selling price (ASP).</p><p><blockquote>NVIDIA估计，其85%的安装基础尚未升级到RTX系列卡，与上一代卡相比，RTX系列卡的性能大幅提升，价格极具竞争力。这是一个巨大的机会，因为NVIDIA的游戏显卡安装基数为1.4亿。更重要的是，该公司的新GPU正在推动平均售价（ASP）的上涨。</blockquote></p><p> The latest Ampere-based GPUs recorded&nbsp;an ASP of $360 in the first six months of their launch thanks to an increase in the proportion of customers buying higher-priced cards. That's 20% higher than the previous generation Turing cards that had an ASP of $300 in the initial six months, and well above the $245 ASP of the Pascal cards that were released&nbsp;five years ago.</p><p><blockquote>由于购买高价卡的客户比例增加，最新的基于Ampere的GPU在推出的前六个月的平均售价为360美元。这比上一代图灵卡在最初六个月的平均售价为300美元高出20%，也远高于五年前发布的Pascal卡的平均售价245美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/248662e56d72ba00757a9c18076ebd6b\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> So, NVIDIA's gaming business could keep growing at a terrific pace over the next five years thanks to a combination of strong volumes and improved pricing. Jon Peddie Research estimates&nbsp;that 41.5 million discrete GPUs were sold in 2020, and NVIDIA&nbsp;dominated this market&nbsp;with a share of 82% at the end of the year. This bodes well for NVIDIA's future, as the GPU market is expected to clock annual growth of nearly 34% through 2027 as per third-party&nbsp;estimates.</p><p><blockquote>因此，得益于强劲的销量和改进的定价，英伟达的游戏业务可能会在未来五年内继续以惊人的速度增长。Jon Peddie Research估计，2020年售出了4150万个独立GPU，英伟达在年底以82%的份额主导了这一市场。这对NVIDIA的未来来说是个好兆头，因为根据第三方的估计，到2027年，GPU市场的年增长率预计将接近34%。</blockquote></p><p> Beyond gaming, NVIDIA is sitting on huge opportunities in nascent markets such as self-driving cars. The company has struck several partnerships in this space and has already lined up automotive design wins&nbsp;worth $8 billion&nbsp;for the next five years. This figure could keep growing thanks to NVIDIA's solid product roadmap, which indicates that it is working on more powerful self-driving platforms that should hit the market in the coming years.</p><p><blockquote>除了游戏之外，英伟达还在自动驾驶汽车等新兴市场坐拥巨大机遇。该公司已在该领域建立了多个合作伙伴关系，并已在未来五年内赢得了价值80亿美元的汽车设计大奖。由于英伟达坚实的产品路线图，这一数字可能会继续增长，这表明它正在开发更强大的自动驾驶平台，这些平台应该会在未来几年上市。</blockquote></p><p> Throw in the fact that NVIDIA's terrific growth in the data center market won't be fading any time soon, and investors will have one more reason to hold on to this tech titan. The data center business generated $6.7 billion in revenue in FY21, up 124% year over year. It accounted for 40% of the total revenue. NVIDIA is now branching out into new areas to ensure that this business keeps growing at elevated rates.</p><p><blockquote>再加上英伟达在数据中心市场的惊人增长不会很快消退，投资者将有更多理由持有这家科技巨头。数据中心业务在2021财年创造了67亿美元的收入，同比增长124%。占总收入的40%。NVIDIA现在正在拓展新领域，以确保该业务保持高速增长。</blockquote></p><p> It recently announced&nbsp;the Grace CPU, a server processor that's expected to go on sale in 2023. This would be new territory for NVIDIA, and success here could supercharge the company's data center business, as the server processor market is expected to be worth $19 billion&nbsp;by 2023.</p><p><blockquote>它最近宣布了Grace CPU，这是一款服务器处理器，预计将于2023年上市。这对英伟达来说将是一个新的领域，在这方面的成功可能会推动该公司的数据中心业务，因为预计到2023年，服务器处理器市场的价值将达到190亿美元。</blockquote></p><p> So, NVIDIA still has a lot of room for growth. Analysts forecast 20%-plus annual earnings growth for the next five years, though NVIDIA could do better if the new opportunities it is attacking bear fruit. In all, NVIDIA looks like a top stock where investors can park $5,000, as it is set for multi-year growth and trades at an attractive 36 times&nbsp;forward earnings as compared to 2020's average multiple of 46.</p><p><blockquote>所以，英伟达还有很大的增长空间。分析师预测未来五年的年盈利增长将超过20%，不过如果英伟达正在攻击的新机会取得成果，它可能会做得更好。总而言之，英伟达看起来是一只投资者可以投资5,000美元的顶级股票，因为它有望实现多年增长，并且预期市盈率为36倍，而2020年的平均市盈率为46倍，颇具吸引力。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/05/20/tech-sell-off-where-invest-5000-for-next-5-years/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NDX":"纳斯达克100指数","AMD":"美国超微公司","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/05/20/tech-sell-off-where-invest-5000-for-next-5-years/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114639105","content_text":"These tech giants might multiply your $5,000 investment substantially in the coming years.\nThe Nasdaq-100 Technology Sector index has retreated more than 7% in the past month, bringing down the valuations of some fast-growing names in tech that were considered overvalued earlier. But one shouldn't forget that this same index has jumped more than 240% in the past five years, which means that a $5,000 investment in the index would be worth $17,000 now.\nAdvanced Micro Devices (NASDAQ:AMD) stock has done even better over five years, rising over 1,850% and turning $5,000 into nearly $100,000. Rival graphics card specialist NVIDIA(NASDAQ:NVDA)has soared over 1,200% over a similar period. Both stocks have pulled back thanks to the tech sell-off, but these two stocks could deliver outsized gains over the next five years as well, thanks to the catalysts they are sitting on. Let's find out why.\nIMAGE SOURCE: GETTY IMAGES.\n1. Advanced Micro Devices\nAMD's fortunes have changed big time over the past five years. A competitive product lineup has allowed it to take market share away from Intel (NASDAQ:INTC) in the x86 processor market, a trend that's expected to continue in the next five years.\nAMD DATA BY YCHARTS\nAMD has made solid progress in the PC market through its Ryzen CPUs (central processing units) and Radeon GPUs (graphics processing units). According to the latest data from Steam Hardware Survey for April, AMD now controls almost 29.5% of the PC CPU space. It controlled 25% of the market in December 2020, with Intel holding the rest. Steam data is a credible source for PC market share information, as the platform is used by 120 million monthly active users worldwide.\nMeanwhile, Mercury Research estimates that AMD's desktop PC market share increased to 19.3% at the end of the first quarter, up from just 11.4% four years ago. It also holds 18% of the mobile CPU market. AMD's CPU market share is expected to jump as high as 50% in 2021 as per Wall Street. This doesn't seem surprising given thetechnology advantage AMD enjoys over Intel, as well as Chipzilla's troubles with getting its latest chips out of the gate.\nAMD has also turned on the heat in the laptop market. The company's Ryzen 5000 mobile processors are expected to power 50% more models this year and pave the way for more market share gains.\nMeanwhile, AMD has made solid progress in the server processor market, finishing Q1 with an 8.9% share. It was nowhere to be seen in server processors four years ago, but the arrival of the EPYC chips has given it a big shot in the arm. AMD is poised to take away more market share from Intel in servers in the coming years and could make billions of dollars from this space.\nOn the other hand, the arrival of the latest gaming consoles from Sony and Microsoft that are powered by AMD's chips is moving the needle in a big way for the chipmaker. The PlayStation 5 has sold 7.8 million units so far. It is expected to sell over 200 million units over its lifetime, according to an analyst at Japanese firm Rakuten Securities, as compared to 116 million units of the previous generation PS4.\nWhat's more, AMD is reportedly getting 80% more revenue from each unit of the PS5 over the PS4. So, a combination of higher shipments and stronger revenue from each gaming console should unlock a massive revenue opportunity for the company in the long run. Not surprisingly, analysts expect AMD to deliver almost 30% annual earnings growth over the next five years -- making it a top growth stock where one can park $5,000 right now, given that it is trading at less than 28 times forward earnings.\n2. NVIDIA\nNVIDIA has come a long way in the past five years. The chipmaker has branched out into several fast-growing applications such as data centers, artificial intelligence, autonomous cars, and 5G wireless networks from supplying graphics cards for gaming PCs.\nNVDA DATA BY YCHARTS\nGaming continues to be NVIDIA's biggest source of revenue, accounting for 46% of its top line last fiscal year. The segment's revenue was up 41% in fiscal 2021 to $7.7 billion, thanks to the launch of NVIDIA's new RTX 30 series graphics cards, which have set the sales charts on fire by triggering a massive upgrade cycle.\nNVIDIA estimates that 85% of its installed base is yet to upgrade to the RTX series cards, which pack a huge performance bump at aggressive price points over prior generation cards. That's a huge opportunity, as NVIDIA's installed base of gaming graphics cards stands at 140 million. More importantly, the company's new GPUs are driving an increase in the average selling price (ASP).\nThe latest Ampere-based GPUs recorded an ASP of $360 in the first six months of their launch thanks to an increase in the proportion of customers buying higher-priced cards. That's 20% higher than the previous generation Turing cards that had an ASP of $300 in the initial six months, and well above the $245 ASP of the Pascal cards that were released five years ago.\nIMAGE SOURCE: GETTY IMAGES.\nSo, NVIDIA's gaming business could keep growing at a terrific pace over the next five years thanks to a combination of strong volumes and improved pricing. Jon Peddie Research estimates that 41.5 million discrete GPUs were sold in 2020, and NVIDIA dominated this market with a share of 82% at the end of the year. This bodes well for NVIDIA's future, as the GPU market is expected to clock annual growth of nearly 34% through 2027 as per third-party estimates.\nBeyond gaming, NVIDIA is sitting on huge opportunities in nascent markets such as self-driving cars. The company has struck several partnerships in this space and has already lined up automotive design wins worth $8 billion for the next five years. This figure could keep growing thanks to NVIDIA's solid product roadmap, which indicates that it is working on more powerful self-driving platforms that should hit the market in the coming years.\nThrow in the fact that NVIDIA's terrific growth in the data center market won't be fading any time soon, and investors will have one more reason to hold on to this tech titan. The data center business generated $6.7 billion in revenue in FY21, up 124% year over year. It accounted for 40% of the total revenue. NVIDIA is now branching out into new areas to ensure that this business keeps growing at elevated rates.\nIt recently announced the Grace CPU, a server processor that's expected to go on sale in 2023. This would be new territory for NVIDIA, and success here could supercharge the company's data center business, as the server processor market is expected to be worth $19 billion by 2023.\nSo, NVIDIA still has a lot of room for growth. Analysts forecast 20%-plus annual earnings growth for the next five years, though NVIDIA could do better if the new opportunities it is attacking bear fruit. In all, NVIDIA looks like a top stock where investors can park $5,000, as it is set for multi-year growth and trades at an attractive 36 times forward earnings as compared to 2020's average multiple of 46.","news_type":1,"symbols_score_info":{"AMD":0.9,"NVDA":0.9,"NDX":0.9}},"isVote":1,"tweetType":1,"viewCount":793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104004800,"gmtCreate":1620343920900,"gmtModify":1634205990645,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks.&nbsp;","listText":"Please like and comment. Thanks.&nbsp;","text":"Please like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/104004800","repostId":"1186778449","repostType":4,"repost":{"id":"1186778449","kind":"news","pubTimestamp":1620341777,"share":"https://www.laohu8.com/m/news/1186778449?lang=zh_CN&edition=full","pubTime":"2021-05-07 06:56","market":"hk","language":"en","title":"Dow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186778449","media":"Reuters","summary":"The Dow Jones Industrial Averageclosed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by $Apple$ Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.$Investors$ were awaiting a mor","content":"<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p><blockquote>道琼斯工业平均指数（。DJI）周四收于创纪录高位，受到乐观的每周初请失业金报告的支撑，而在美国总统乔·拜登支持放弃新冠肺炎疫苗专利的计划后，疫苗制造商的股价下跌。</blockquote></p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><blockquote>提升者<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc(AAPL.O)，劳工部报告显示，截至5月1日当周，经季节调整后首次申请州失业救济人数为498,000人，而前一周为590,000人，标普500上涨。</blockquote></p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们正在等待周五更全面的非农就业报告，以寻找有关劳动力市场实力以及美联储可能的货币政策立场的线索。</blockquote></p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示：“投资者受到低利率和政府对经济的刺激措施的鼓舞。我们还看到经济预测和盈利预测大幅上升。”</blockquote></p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p><blockquote>在白宫表示拜登决定支持新冠肺炎疫苗知识产权豁免提案后，制药公司股价下跌。</blockquote></p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p><blockquote>于<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>Inc(PFE.N)、Moderna Inc(MRNA.O)和<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>Inc（NVAX.O），所有参与新冠肺炎疫苗制造的公司都下跌了。<a href=\"https://laohu8.com/S/00179\">约翰逊</a>&amp;约翰逊(JNJ.N)几乎没有变化。</blockquote></p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p><blockquote>标普500医疗保健行业指数(.SPXHC)下跌，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>生物技术指数&lt;.NBI&gt;也掉了。</blockquote></p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p><blockquote>Moderna表示，即使疫苗专利被放弃，全球各国仍将在数年内继续购买其COVID-19疫苗，该公司股价小幅下跌。</blockquote></p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p><blockquote>标普500金融指数(.SPSY)是表现最好的股票之一。</blockquote></p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><blockquote>“我们看到很多机会的一个行业是金融业。我们认为它是<a href=\"https://laohu8.com/S/AONE\">一</a>这应该会受益于更高的利率和更强劲的经济复苏，”总部位于芝加哥的人民币资本投资组合经理安·冈特利(Ann Guntli)表示。</blockquote></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p><blockquote><a href=\"https://laohu8.com/S/MSFT\">微软</a>公司(MSFT.O)、苹果(AAPL.O)和<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>该股大部分时间涨幅均低于1%。</blockquote></p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p><blockquote>非官方数据显示，道琼斯工业平均指数(.DJI)上涨0.92%，收于34,545.11点，标普500(.SPX)上涨0.82%，收于4,201.58点。</blockquote></p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><blockquote>纳斯达克综合指数(.IXIC)上涨0.37%，至13,632.84点。</blockquote></p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><blockquote><a href=\"https://laohu8.com/S/COST\">Costco</a>批发(COST.O)周三晚间表示，其4月份销售额飙升33.5%，随后该零售商股价上涨。这一反弹帮助推高了标普500消费必需品指数。</blockquote></p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><blockquote><a href=\"https://laohu8.com/S/REGN\">再生元制药</a>Inc(REGN.O)上涨，此前该制药商公布了好于预期的季度利润，并表示预计对其COVID-19抗体疗法的需求将保持不变。</blockquote></p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>科技公司（UBER.N）表示，随着疫情的消退，将向司机支付更多费用，让汽车重新上路，并披露了6亿美元的费用，为英国司机提供福利，股价暴跌。</blockquote></p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">平方</a>比特币增长，收入增长266%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">随着杂货销售增长放缓，Beyond Meat陷入亏损</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku第一季度活跃账户增长放缓，收入猛增79%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton超出预期但削减<a href=\"https://laohu8.com/S/GUID\">指导</a>跑步机召回</a></blockquote></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></p><p><blockquote><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">随着影迷回流，AMC连锁店亏损5.672亿美元</a></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow closes at record high after upbeat jobless claims report<blockquote>乐观的初请失业金人数报告公布后，道琼斯指数收于历史新高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-05-07 06:56</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p><blockquote>道琼斯工业平均指数（。DJI）周四收于创纪录高位，受到乐观的每周初请失业金报告的支撑，而在美国总统乔·拜登支持放弃新冠肺炎疫苗专利的计划后，疫苗制造商的股价下跌。</blockquote></p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><blockquote>提升者<a href=\"https://laohu8.com/S/AAPL\">苹果</a>Inc(AAPL.O)，劳工部报告显示，截至5月1日当周，经季节调整后首次申请州失业救济人数为498,000人，而前一周为590,000人，标普500上涨。</blockquote></p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>我们正在等待周五更全面的非农就业报告，以寻找有关劳动力市场实力以及美联储可能的货币政策立场的线索。</blockquote></p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p><blockquote>CFRA Research首席投资策略师Sam Stovall表示：“投资者受到低利率和政府对经济的刺激措施的鼓舞。我们还看到经济预测和盈利预测大幅上升。”</blockquote></p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p><blockquote>在白宫表示拜登决定支持新冠肺炎疫苗知识产权豁免提案后，制药公司股价下跌。</blockquote></p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p><blockquote>于<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>Inc(PFE.N)、Moderna Inc(MRNA.O)和<a href=\"https://laohu8.com/S/NVAX\">Novavax</a>Inc（NVAX.O），所有参与新冠肺炎疫苗制造的公司都下跌了。<a href=\"https://laohu8.com/S/00179\">约翰逊</a>&amp;约翰逊(JNJ.N)几乎没有变化。</blockquote></p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p><blockquote>标普500医疗保健行业指数(.SPXHC)下跌，而<a href=\"https://laohu8.com/S/NDAQ\">纳斯达克</a>生物技术指数&lt;.NBI&gt;也掉了。</blockquote></p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p><blockquote>Moderna表示，即使疫苗专利被放弃，全球各国仍将在数年内继续购买其COVID-19疫苗，该公司股价小幅下跌。</blockquote></p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p><blockquote>标普500金融指数(.SPSY)是表现最好的股票之一。</blockquote></p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><blockquote>“我们看到很多机会的一个行业是金融业。我们认为它是<a href=\"https://laohu8.com/S/AONE\">一</a>这应该会受益于更高的利率和更强劲的经济复苏，”总部位于芝加哥的人民币资本投资组合经理安·冈特利(Ann Guntli)表示。</blockquote></p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p><blockquote><a href=\"https://laohu8.com/S/MSFT\">微软</a>公司(MSFT.O)、苹果(AAPL.O)和<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>该股大部分时间涨幅均低于1%。</blockquote></p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p><blockquote>非官方数据显示，道琼斯工业平均指数(.DJI)上涨0.92%，收于34,545.11点，标普500(.SPX)上涨0.82%，收于4,201.58点。</blockquote></p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><blockquote>纳斯达克综合指数(.IXIC)上涨0.37%，至13,632.84点。</blockquote></p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><blockquote><a href=\"https://laohu8.com/S/COST\">Costco</a>批发(COST.O)周三晚间表示，其4月份销售额飙升33.5%，随后该零售商股价上涨。这一反弹帮助推高了标普500消费必需品指数。</blockquote></p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><blockquote><a href=\"https://laohu8.com/S/REGN\">再生元制药</a>Inc(REGN.O)上涨，此前该制药商公布了好于预期的季度利润，并表示预计对其COVID-19抗体疗法的需求将保持不变。</blockquote></p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>科技公司（UBER.N）表示，随着疫情的消退，将向司机支付更多费用，让汽车重新上路，并披露了6亿美元的费用，为英国司机提供福利，股价暴跌。</blockquote></p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">平方</a>比特币增长，收入增长266%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">随着杂货销售增长放缓，Beyond Meat陷入亏损</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku第一季度活跃账户增长放缓，收入猛增79%</a></blockquote></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><blockquote><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton超出预期但削减<a href=\"https://laohu8.com/S/GUID\">指导</a>跑步机召回</a></blockquote></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></p><p><blockquote><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">随着影迷回流，AMC连锁店亏损5.672亿美元</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/\">Reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","MSFT":"微软","JNJ":"强生",".IXIC":"NASDAQ Composite","ROKU":"Roku Inc","PTON":"Peloton Interactive, Inc.","NVAX":"诺瓦瓦克斯医药","AAPL":"苹果",".SPX":"S&P 500 Index","BYND":"Beyond Meat, Inc.","COST":"好市多","REGN":"再生元制药公司","MRNA":"Moderna, Inc.",".DJI":"道琼斯","PFE":"辉瑞"},"source_url":"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186778449","content_text":"The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by Apple Inc(AAPL.O), the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.Investors were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.Shares in Pfizer Inc(PFE.N), Moderna Inc(MRNA.O)and Novavax Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. Johnson & Johnson(JNJ.N)was near unchanged.The S&P 500 healthcare sector index(.SPXHC)slipped, while the Nasdaq biotechnology index <.NBI> also dropped.Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.The S&P 500 financials index(.SPSY)was among the top performers.\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as one that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.Microsoft Corp(MSFT.O), Apple(AAPL.O)and Amazon.com Incwere up under 1% for most of the session.Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&P 500(.SPX)gained 0.82% to 4,201.58.The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.Costco Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&P 500 consumers staple index higher.Regeneron Pharmaceuticals Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.Uber Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.Square gets a bitcoin boost with revenue up 266%Beyond Meat swings to a loss as grocery sales growth slowsRoku Q1 Active Account Growth Slows, Revenue Booms 79%Peloton Crushes Forecasts But Cuts Guidance Amid Treadmill RecallAMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back","news_type":1,"symbols_score_info":{"AAPL":0.9,"NVAX":0.9,".SPX":0.9,"SPSY":0.9,"SQ":0.9,"PFE":0.9,".IXIC":0.9,"UBER":0.9,".DJI":0.9,"ROKU":0.9,"MSFT":0.9,"BYND":0.9,"COST":0.9,"REGN":0.9,"MRNA":0.9,"PTON":0.9,"JNJ":0.9}},"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164784412,"gmtCreate":1624236432836,"gmtModify":1634009179964,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/164784412","repostId":"1134750693","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111812506,"gmtCreate":1622675039205,"gmtModify":1634099393589,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/111812506","repostId":"2140448417","repostType":4,"isVote":1,"tweetType":1,"viewCount":492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813535518,"gmtCreate":1630212301834,"gmtModify":1704957117377,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/813535518","repostId":"1129129956","repostType":4,"repost":{"id":"1129129956","kind":"news","pubTimestamp":1630201285,"share":"https://www.laohu8.com/m/news/1129129956?lang=zh_CN&edition=full","pubTime":"2021-08-29 09:41","market":"us","language":"en","title":"This Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天会让你变得富有</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129129956","media":"Motley Fool","summary":"The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company  merger. In a race to disrupt residential ","content":"<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>  <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>  <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li> </ul> </p><p><blockquote><ul><li>iBuying业务是一场做大的竞赛，Opendoor正在获胜。</li><li>该公司的增长速度比管理层一年前的预测提前了两年。</li><li>市场对几乎所有SPAC都持悲观态度，这使得Opendoor成为最终可能带来巨额回报的便宜货。</li></ul></blockquote></p><p> Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p><p><blockquote>房地产iBuying公司<b>开门技术</b>（纳斯达克：OPEN）自通过特殊目的收购公司（SPAC）合并上市以来，三个季度的执行情况一直处于高水平。在颠覆全球最大市场之一住宅房地产的竞赛中，Opendoor的长期潜力可能会为耐心的投资者带来丰厚的回报。</blockquote></p><p> Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p><p><blockquote>尽管有上行空间，市场尚未欣赏Opendoor的成就；该股较高点下跌超过50%。有三个重要线索表明，对于大胆的投资者来说，Opendoor可能是一个引人注目的投资理念。</blockquote></p><p> <h3>1. Opendoor is winning the iBuying battle</h3> The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p><p><blockquote><h3>1.Opendoor正在赢得iBuying之战</h3>美国传统的购房流程缓慢，由多方处理，包括代理人、律师、检查员和银行家。这造成了大量来回的文书工作，平均将流程拖到30多天。</blockquote></p><p> Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p><p><blockquote>Opendoor开创了“iBuying”的概念，即房屋的买卖是数字化的，像Opendoor这样的公司直接与卖家合作，为他们提供现金报价和数字化成交流程。然后公司在市场上转售房子。iBuying流程省去了代理商和一些与传统成交相关的费用，如代理商佣金。然后Opendoor在市场上转售房屋，并收取高达5%的交易服务费。</blockquote></p><p> After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p><p><blockquote>在看到Opendoor凭借iBuying概念稳步增长后，竞争对手也开始提供iBuying服务，包括<b>Zillow集团</b>和Offerpad。由于该业务的资本密集型程度（买卖数千套房屋需要大量资金）以及房地产市场的价格竞争力，这些公司都在竞相做大。随着公司买卖更多房屋，他们有能力通过利用外包承包商来节省资金来获得更多利润，并且随着交易数量的增加，其定价算法也会改进。</blockquote></p><p> According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p><p><blockquote>根据专门跟踪iBuying竞争对手的网站iBuyerStats的数据，Opendoor一直拥有最多的待售房屋库存。该公司目前约有3,300套待售房屋，比Zillow多53%，是Offerpad的四倍多。</blockquote></p><p> <h3>2. Revenue growth is ahead of schedule</h3> When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p><p><blockquote><h3>2、营收增速提前</h3>当公司通过SpacMerger上市时，他们会公开介绍自己的业务，通常包括长期增长预测。大约一年前，即2020年9月，Opendoor发布了合并前投资者演示文稿。</blockquote></p><p> Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p><p><blockquote>快进到该公司最近的2021年第二季度收益看涨期权。首席执行官兼创始人Eric Wu在财报看涨期权上表示，“……根据我们目前的进展，我们下半年的收入运行率有望超过2023年的目标，比计划提前了整整两年。”</blockquote></p><p> In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p><p><blockquote>换句话说，如果Opendoor按照目前的业务水平运营12个月，它将超过2023年预计的98亿美元收入。这是一个被忽视的点，因为如果Opendoor已经比其最初的增长曲线提前了两年，那么到2023年它会在哪里？当然，房地产市场下滑或其他事件可能会扰乱公司的增长速度，但Opendoor正在向世界展示该业务正在高水平运营。</blockquote></p><p> <h3>3. SPACs are out of favor with the market... opportunity?</h3> Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p><p><blockquote><h3>3、SPAC失宠于市场……机会？</h3>投资者忽略了这一强劲表现，而是关注Opendoor通过SPAC合并加入公开市场的事实。对于前SPAC来说，经营业绩或收益如何并不重要；几个月来，股市几乎一直在抛售所有基于SPAC的股票。</blockquote></p><p> Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p><p><blockquote>投资者对少数“不良苹果”公司的欺诈行为感到震惊，而其他公司也严重未能实现上市前的预测。这些事件伤害了相关人员，投资者对SPAC整体采取了更加谨慎的态度。</blockquote></p><p> But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p><p><blockquote>但如果像Opendoor这样的公司继续超出预期，市场最终可能会好转。当这种情况发生时，股价可能会大幅波动。如果我们采纳Eric Wu对收入的评论，并假设Opendoor在2022年的销售额为100亿美元（换句话说，Opendoor在接下来的一年里停止增长并保持目前的速度），那么该股目前的市销率(P/S)比率仅为1.0。这是一个便宜的估值。</blockquote></p><p> Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p><p><blockquote>竞争对手Zillow Group的市盈率超过3，反映了Opendoor作为前SPAC的折扣。</blockquote></p><p></p><p> <h3>Here's the bottom line</h3> Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</p><p><blockquote><h3>这是底线</h3>房地产是一个巨大的市场，也是一个复杂的行业，因为传统代理商和试图将技术引入购房的“新人”之间存在冲突。现在说Opendoor将成为“<b>亚马逊</b>“但似乎可以肯定的是，如果该公司继续保持这样的表现，它将成为房地产未来的重要参与者。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天会让你变得富有</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Unloved Tech Stock Could Make You Rich One Day<blockquote>这只不受欢迎的科技股有一天会让你变得富有</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-08-29 09:41</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Key Points</p><p><blockquote>要点</blockquote></p><p> <ul>  <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>  <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>  <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li> </ul> </p><p><blockquote><ul><li>iBuying业务是一场做大的竞赛，Opendoor正在获胜。</li><li>该公司的增长速度比管理层一年前的预测提前了两年。</li><li>市场对几乎所有SPAC都持悲观态度，这使得Opendoor成为最终可能带来巨额回报的便宜货。</li></ul></blockquote></p><p> Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p><p><blockquote>房地产iBuying公司<b>开门技术</b>（纳斯达克：OPEN）自通过特殊目的收购公司（SPAC）合并上市以来，三个季度的执行情况一直处于高水平。在颠覆全球最大市场之一住宅房地产的竞赛中，Opendoor的长期潜力可能会为耐心的投资者带来丰厚的回报。</blockquote></p><p> Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p><p><blockquote>尽管有上行空间，市场尚未欣赏Opendoor的成就；该股较高点下跌超过50%。有三个重要线索表明，对于大胆的投资者来说，Opendoor可能是一个引人注目的投资理念。</blockquote></p><p> <h3>1. Opendoor is winning the iBuying battle</h3> The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p><p><blockquote><h3>1.Opendoor正在赢得iBuying之战</h3>美国传统的购房流程缓慢，由多方处理，包括代理人、律师、检查员和银行家。这造成了大量来回的文书工作，平均将流程拖到30多天。</blockquote></p><p> Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p><p><blockquote>Opendoor开创了“iBuying”的概念，即房屋的买卖是数字化的，像Opendoor这样的公司直接与卖家合作，为他们提供现金报价和数字化成交流程。然后公司在市场上转售房子。iBuying流程省去了代理商和一些与传统成交相关的费用，如代理商佣金。然后Opendoor在市场上转售房屋，并收取高达5%的交易服务费。</blockquote></p><p> After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p><p><blockquote>在看到Opendoor凭借iBuying概念稳步增长后，竞争对手也开始提供iBuying服务，包括<b>Zillow集团</b>和Offerpad。由于该业务的资本密集型程度（买卖数千套房屋需要大量资金）以及房地产市场的价格竞争力，这些公司都在竞相做大。随着公司买卖更多房屋，他们有能力通过利用外包承包商来节省资金来获得更多利润，并且随着交易数量的增加，其定价算法也会改进。</blockquote></p><p> According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p><p><blockquote>根据专门跟踪iBuying竞争对手的网站iBuyerStats的数据，Opendoor一直拥有最多的待售房屋库存。该公司目前约有3,300套待售房屋，比Zillow多53%，是Offerpad的四倍多。</blockquote></p><p> <h3>2. Revenue growth is ahead of schedule</h3> When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p><p><blockquote><h3>2、营收增速提前</h3>当公司通过SpacMerger上市时，他们会公开介绍自己的业务，通常包括长期增长预测。大约一年前，即2020年9月，Opendoor发布了合并前投资者演示文稿。</blockquote></p><p> Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p><p><blockquote>快进到该公司最近的2021年第二季度收益看涨期权。首席执行官兼创始人Eric Wu在财报看涨期权上表示，“……根据我们目前的进展，我们下半年的收入运行率有望超过2023年的目标，比计划提前了整整两年。”</blockquote></p><p> In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p><p><blockquote>换句话说，如果Opendoor按照目前的业务水平运营12个月，它将超过2023年预计的98亿美元收入。这是一个被忽视的点，因为如果Opendoor已经比其最初的增长曲线提前了两年，那么到2023年它会在哪里？当然，房地产市场下滑或其他事件可能会扰乱公司的增长速度，但Opendoor正在向世界展示该业务正在高水平运营。</blockquote></p><p> <h3>3. SPACs are out of favor with the market... opportunity?</h3> Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p><p><blockquote><h3>3、SPAC失宠于市场……机会？</h3>投资者忽略了这一强劲表现，而是关注Opendoor通过SPAC合并加入公开市场的事实。对于前SPAC来说，经营业绩或收益如何并不重要；几个月来，股市几乎一直在抛售所有基于SPAC的股票。</blockquote></p><p> Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p><p><blockquote>投资者对少数“不良苹果”公司的欺诈行为感到震惊，而其他公司也严重未能实现上市前的预测。这些事件伤害了相关人员，投资者对SPAC整体采取了更加谨慎的态度。</blockquote></p><p> But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p><p><blockquote>但如果像Opendoor这样的公司继续超出预期，市场最终可能会好转。当这种情况发生时，股价可能会大幅波动。如果我们采纳Eric Wu对收入的评论，并假设Opendoor在2022年的销售额为100亿美元（换句话说，Opendoor在接下来的一年里停止增长并保持目前的速度），那么该股目前的市销率(P/S)比率仅为1.0。这是一个便宜的估值。</blockquote></p><p> Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p><p><blockquote>竞争对手Zillow Group的市盈率超过3，反映了Opendoor作为前SPAC的折扣。</blockquote></p><p></p><p> <h3>Here's the bottom line</h3> Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</p><p><blockquote><h3>这是底线</h3>房地产是一个巨大的市场，也是一个复杂的行业，因为传统代理商和试图将技术引入购房的“新人”之间存在冲突。现在说Opendoor将成为“<b>亚马逊</b>“但似乎可以肯定的是，如果该公司继续保持这样的表现，它将成为房地产未来的重要参与者。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OPEN":"Opendoor Technologies Inc"},"source_url":"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129129956","content_text":"Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.\n\n\nReal estate iBuying company Opendoor Technologies(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.\nDespite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.\n1. Opendoor is winning the iBuying battle\nThe traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.\nOpendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.\nAfter seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including Zillow Group and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.\nAccording to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.\n2. Revenue growth is ahead of schedule\nWhen companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.\nFast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"\nIn other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.\n3. SPACs are out of favor with the market... opportunity?\nInvestors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.\nInvestors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.\nBut if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.\nCompetitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.\nHere's the bottom line\nReal estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"Amazon\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.","news_type":1,"symbols_score_info":{"OPEN":0.9}},"isVote":1,"tweetType":1,"viewCount":455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834334710,"gmtCreate":1629771256930,"gmtModify":1633682549524,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/834334710","repostId":"2161777891","repostType":4,"isVote":1,"tweetType":1,"viewCount":510,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145286563,"gmtCreate":1626225613652,"gmtModify":1633928874597,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. 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Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/153896486","repostId":"1122418477","repostType":4,"isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863546649,"gmtCreate":1632408260081,"gmtModify":1632731036188,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Like and comment. Thanks.&nbsp;","listText":"Like and comment. Thanks.&nbsp;","text":"Like and comment. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/863546649","repostId":"2169664162","repostType":4,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155787877,"gmtCreate":1625454101399,"gmtModify":1633940530917,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/155787877","repostId":"1154888582","repostType":4,"repost":{"id":"1154888582","kind":"news","pubTimestamp":1625453334,"share":"https://www.laohu8.com/m/news/1154888582?lang=zh_CN&edition=full","pubTime":"2021-07-05 10:48","market":"hk","language":"en","title":"Why Warren Buffett Buys REITs Instead Of Rental Properties<blockquote>为什么沃伦·巴菲特购买房地产投资信托基金而不是租赁房产</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154888582","media":"seeking alpha","summary":"Summary\n\nWarren Buffett has a history of favoring REITs over rental properties.\nIn past shareholder ","content":"<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Warren Buffett has a history of favoring REITs over rental properties.</li>  <li>In past shareholder meetings, he explains that he dislikes private real estate investments for a number of reasons.</li>  <li>Most importantly, he has no edge in real estate, does not want to deal with the management, and finds it difficult to find opportunities.</li>  <li>That's why he favors REITs, which he bought as recently as last year.</li>  <li>Looking for a portfolio of ideas like this <a href=\"https://laohu8.com/S/AONE\">one</a>? Members of High Yield Landlord get exclusive access to our model portfolio.Learn More »</li> </ul> Feverpitched/iStock via <a href=\"https://laohu8.com/S/GTY\">Getty</a> Images</p><p><blockquote><ul><li>沃伦·巴菲特历来青睐房地产投资信托基金而不是租赁物业。</li><li>在过去的股东大会上，他解释说，出于多种原因，他不喜欢私人房地产投资。</li><li>最重要的是，他在房地产方面没有优势，不想和管理层打交道，很难找到机会。</li><li>这就是他青睐房地产投资信托基金的原因，他去年才购买了房地产投资信托基金。</li><li>寻找这样的想法组合<a href=\"https://laohu8.com/S/AONE\">一</a>？高收益房东的成员可以独家访问我们的模型投资组合。了解更多»</li></ul>Feverpitched/iStock来自<a href=\"https://laohu8.com/S/GTY\">盖蒂</a>图像</blockquote></p><p> In previousarticles, I have explained that despite having a background in private equity real estate investing, I chose to invest my capital into REITs because they're safer and more rewarding in most cases.</p><p><blockquote>在之前的文章中，我解释过，尽管我有私募股权房地产投资背景，但我选择将资本投资于房地产投资信托基金，因为它们在大多数情况下更安全、回报更高。</blockquote></p><p> REITs are safer because they're well diversified, professionally managed, liquid, and have better access to capital.</p><p><blockquote>房地产投资信托基金更安全，因为它们多元化、专业管理、流动性强，并且可以更好地获得资本。</blockquote></p><p> They're also more rewarding because they enjoy large economies of scale, faster growth, and investors pay much lower transaction costs:</p><p><blockquote>它们的回报也更高，因为它们享有巨大的规模经济、更快的增长，而且投资者支付的交易成本也低得多：</blockquote></p><p> <i>Study shows that REITs outperform private real estate by ~4% per year:</i></p><p><blockquote><i>研究表明，房地产投资信托基金的表现每年优于私人房地产约4%：</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/08211e86e46b7ccd368944f838ce3c87\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source</i></p><p><blockquote><i>来源</i></blockquote></p><p> In short, REITs combine the benefits of real estate (high income, inflation protection, appreciation) with the benefits of stocks (liquidity, low transaction cost, professional management, diversification) into <a href=\"https://laohu8.com/S/AONE.U\">one</a> beautiful vehicle that provides better risk-and-hassle adjusted returns than rental properties.</p><p><blockquote>简而言之，REITs将房地产的好处（高收益、防通胀、升值）与股票的好处（流动性、低交易成本、专业化管理、多元化）结合成<a href=\"https://laohu8.com/S/AONE.U\">一</a>漂亮的车辆，提供比租赁物业更好的风险和麻烦调整回报。</blockquote></p><p> But don't take it just from me.</p><p><blockquote>但不要只从我这里拿走。</blockquote></p><p> Warren Buffett could build a portfolio of rental properties, and yet, he chooses to invest in REITs instead. By reviewing past annual reports of <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> (BRK.A) (BRK.B), we find that he has previously invested in Tanger Outlets (SKT), <a href=\"https://laohu8.com/S/GGP\">General Growth Properties</a> ((now Brookfield (BPY)), <a href=\"https://laohu8.com/S/VNO\">Vornado</a> (VNO.PK), <a href=\"https://laohu8.com/S/SRG\">Seritage Growth Properties</a> (SRG), and <a href=\"https://laohu8.com/S/STOR\">STORE Capital</a> (STOR) among others. As recently as last year, he doubled down on <a href=\"https://laohu8.com/S/STOR\">STORE Capital</a> when it dropped following the covid market crash.</p><p><blockquote>沃伦·巴菲特可以建立租赁物业投资组合，但他选择投资房地产投资信托基金。审阅本公司过往年报<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>（BRK.A）（BRK.B），我们发现他之前投资了Tanger Outlets（SKT），<a href=\"https://laohu8.com/S/GGP\">一般生长特性</a>（（现在布鲁克菲尔德（BPY）），<a href=\"https://laohu8.com/S/VNO\">沃尔纳多</a>(VNO.PK),<a href=\"https://laohu8.com/S/SRG\">Seritage生长特性</a>(SRG)，以及<a href=\"https://laohu8.com/S/STOR\">商店资本</a>（STOR）除其他外。就在去年，他加倍下注<a href=\"https://laohu8.com/S/STOR\">商店资本</a>当它在covid市场崩盘后下跌时。</blockquote></p><p> Why doesn't he buy rentals instead?</p><p><blockquote>他为什么不买出租呢？</blockquote></p><p> That's what we will explore in today's article. Warren Buffett has often discussed this topic in past interviews, and in what follows, we will discuss the five reasons why he favors REITs over rental properties:</p><p><blockquote>这就是我们今天文章要探讨的。沃伦·巴菲特在过去的采访中经常讨论这个话题，在接下来的内容中，我们将讨论他更喜欢房地产投资信托基金而不是租赁物业的五个原因：</blockquote></p><p> Reason #1: Stick to Your Circle of Competence</p><p><blockquote>理由1：坚持你的能力圈</blockquote></p><p> Warren Buffett popularized the motto: \"Know your circle of competence, and stick within it.\"</p><p><blockquote>沃伦·巴菲特推广了这句格言：“了解你的能力圈，并坚持在其中。”</blockquote></p><p> He explains that the size of that circle is much less important than knowing its boundaries.</p><p><blockquote>他解释说，这个圆的大小远没有知道它的边界重要。</blockquote></p><p> Put differently, you cannot be a jack of all trades and need to specialize in something to truly master it.</p><p><blockquote>换句话说，你不可能成为万事通，需要专攻某件事才能真正掌握它。</blockquote></p><p> For Buffett, this was mainly consumer goods and the insurance business. Not surprisingly, he rarely invests in real estate (or even REITs) because that's out of his circle of competence.</p><p><blockquote>对巴菲特来说，这主要是消费品和保险业务。毫不奇怪，他很少投资房地产（甚至房地产投资信托基金），因为这超出了他的能力范围。</blockquote></p><p> At a shareholdermeeting, when questioned about investing in real estate, Buffett and Charlie Munger added that it's a sector in which they have no competitive advantage. They explain that REITs and large private equity firms would have better resources, expertise, scale, and relationships than them, putting Berkshire at a disadvantage if they tried to invest in real estate.</p><p><blockquote>在一次股东大会上，当被问及投资房地产时，巴菲特和查理·芒格补充说，这是一个他们没有竞争优势的行业。他们解释说，房地产投资信托基金和大型私募股权公司将比他们拥有更好的资源、专业知识、规模和关系，如果他们试图投资房地产，伯克希尔将处于不利地位。</blockquote></p><p> This is <a href=\"https://laohu8.com/S/AONE\">one</a> of the main reasons why they rather invest in the shares of REITs. It aligns them with professionals who have better resources and expertise than them.</p><p><blockquote>这是<a href=\"https://laohu8.com/S/AONE\">一</a>他们宁愿投资房地产投资信托基金股票的主要原因。它将他们与比他们拥有更好资源和专业知识的专业人士联系起来。</blockquote></p><p> As an example, STORE Capitalis the leader in sale-and-leaseback transactions in middle markets. It's a strategy that they couldn't follow on their own.</p><p><blockquote>例如，STORE Capitalis是中间市场售后回租交易的领导者。这是他们自己无法遵循的策略。</blockquote></p><p> Reason #2: Tenants, Toilets, and Trash</p><p><blockquote>原因2：租户、厕所和垃圾</blockquote></p><p> In the aftermath of the great financial crisis, Buffett famouslysaidthat if he had an easy way of managing rental properties, he would load up on them.</p><p><blockquote>在金融危机之后，巴菲特有一句名言，如果他有一种简单的方法来管理出租房产，他就会大量购买。</blockquote></p><p> Back then, property prices had recently crashed and there was a great opportunity to buy single-family houses.</p><p><blockquote>当时，房地产价格最近暴跌，有一个购买独栋房屋的大好机会。</blockquote></p><p> Even then, he didn't.</p><p><blockquote>即便如此，他也没有。</blockquote></p><p> Why you might ask?</p><p><blockquote>你可能会问为什么？</blockquote></p><p> He explains that the management of rental properties is a nightmare. It's a relatively low margin business that does not scale nicely.</p><p><blockquote>他解释说，出租物业的管理是一场噩梦。这是一项利润率相对较低的业务，规模不太大。</blockquote></p><p></p><p> Imagine you own a rental that you rent for $1,000 per month. After you have removed all expenses, your NOI is (let's say) $700 per month, resulting in an annual cash flow of $8,400. All it takes is <a href=\"https://laohu8.com/S/AONE.U\">one</a> unforeseen disappointment and your entire year's cash flow could be gone: A tenant who refuses to pay and won't move... a leaking roof that causes water damage... pipes that bust due to cold climate...</p><p><blockquote>想象一下，你拥有一套每月1000美元的出租屋。扣除所有费用后，您的NOI为（比方说）每月700美元，每年现金流为8,400美元。只需要<a href=\"https://laohu8.com/S/AONE.U\">一</a>不可预见的失望和你一整年的现金流可能会消失：一个拒绝付款也不愿搬家的房客...导致水毁的漏水屋顶...因寒冷气候而破裂的管道...</blockquote></p><p> Unless you enjoy large-scale, lowering your property management cost, it's difficult to consistently earn good returns, and on top of that, it's a big hassle that most people would rather avoid.</p><p><blockquote>除非你喜欢大规模，降低你的物业管理成本，否则很难持续获得良好的回报，最重要的是，这是一个大多数人宁愿避免的大麻烦。</blockquote></p><p> With REITs, you enjoy the benefits of scale and have professional managers handle everything for you in a cost-effective way.</p><p><blockquote>有了房地产投资信托基金，您可以享受规模效益，并让专业经理以经济高效的方式为您处理一切。</blockquote></p><p> Reason #3: No Corporate Income Tax</p><p><blockquote>原因3：没有企业所得税</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> commonly think that rental properties are more tax-efficient than REIT investments, but that's not always the case.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>人们普遍认为出租房产比房地产投资信托基金投资更节税，但情况并非总是如此。</blockquote></p><p> REITs are very tax efficient when you really think about it:</p><p><blockquote>仔细想想，房地产投资信托基金的税收效率非常高：</blockquote></p><p> <ol>  <li>They pay no corporate income tax.</li>  <li>They distribute 60%-70% of their cash, meaning that 30%-40% isn't taxed.</li>  <li>A portion of the distribution is \"return of capital,\" which isn't taxed.</li>  <li>The portion that's taxed enjoys a 20% deduction.</li>  <li>Generally, REITs are more growth-oriented real estate investments, and therefore, more than half of the total return is tax-deferred appreciation.</li> </ol> Berkshire is structured as a C-corp, and therefore, it must pay corporate tax on all its profits. For this reason, REITs are more tax efficient for Berkshire.</p><p><blockquote><ol><li>他们不缴纳企业所得税。</li><li>他们分配60%-70%的现金，这意味着30%-40%不征税。</li><li>分配的一部分是“资本回报”，不征税。</li><li>征税的部分享受20%的扣除。</li><li>一般来说，房地产投资信托基金是更注重增长的房地产投资，因此，总回报的一半以上是递延税增值。</li></ol>伯克希尔的结构是C-corp，因此，它必须为其所有利润缴纳公司税。因此，房地产投资信托基金对伯克希尔来说更具税收效率。</blockquote></p><p> Private rental properties enjoy higher yields, but slower growth.</p><p><blockquote>私人出租物业收益率较高，但增长较慢。</blockquote></p><p> REITs enjoy faster growth, but lower yields.</p><p><blockquote>房地产投资信托基金增长更快，但收益率较低。</blockquote></p><p> Berkshire would rather compound its capital via tax-deferred appreciation and avoid having to pay corporate taxes on the income generated by the investment.</p><p><blockquote>伯克希尔宁愿通过递延税增值来复利其资本，并避免为投资产生的收入缴纳公司税。</blockquote></p><p> Reason #4: Volatility Brings Opportunities</p><p><blockquote>原因4：波动性带来机遇</blockquote></p><p> Unsophisticated individual investors fear volatility. They're excessively short-term minded, fixate on daily quotes, and are quick to panic.</p><p><blockquote>不成熟的个人投资者害怕波动性。他们过于短视，专注于每日报价，很快就会恐慌。</blockquote></p><p> For these reasons, they often favor rental properties which give them a false sense of stability due to the lack of quotation.</p><p><blockquote>由于这些原因，他们往往喜欢出租物业，这给他们一种虚假的稳定感，由于缺乏报价。</blockquote></p><p> But professional investors like Warren Buffett welcome the volatility and see it as a gift. It gives them the opportunity to make investments at a discounted price, which will ultimately result in higher returns in the long run.</p><p><blockquote>但像沃伦·巴菲特这样的专业投资者欢迎波动性，并将其视为一份礼物。这让他们有机会以折扣价进行投资，从长远来看，这最终会带来更高的回报。</blockquote></p><p> In a previousinterview, Buffett explains that the real estate market moves slowly, and therefore, it's rare for large mispricing to occur. Most property owners are long-term minded and do a reasonably good job at pricing the risk and reward potential of various properties. It makes it harder for investors like him to earn abnormally strong returns.</p><p><blockquote>在之前的一次采访中，巴菲特解释说，房地产市场走势缓慢，因此很少发生大规模的错误定价。大多数业主都有长远的想法，在对各种房产的风险和回报潜力进行定价方面做得相当好。这使得像他这样的投资者更难获得异常强劲的回报。</blockquote></p><p> With REITs, there are more frequent opportunities. As an example, back in 2017, STORE Capital produced new record results, but it dropped from $30 to $20 because the retail market was out-of-favor. What the market failed to realize is that STOR earns revenue from mainly service-oriented retailers that are resilient to Amazon (AMZN) and its leases were 10+ years long.</p><p><blockquote>有了REITs，机会就更频繁了。举个例子，早在2017年，STORE Capital就创造了新的创纪录业绩，但由于零售市场失宠，从30美元跌至20美元。市场没有意识到的是，STOR的收入主要来自服务型零售商，这些零售商对亚马逊(AMZN)具有弹性，而且其租约长达10多年。</blockquote></p><p> That was a great opportunity and Berkshire seized it. Chris Volk, former CEO of STORE Capital explains the background to this investment in the below video. Skip to the 8:55 section:</p><p><blockquote>这是一个很好的机会，伯克希尔抓住了它。STORE Capital前首席执行官Chris Volk在下面的视频中解释了这项投资的背景。跳到8:55部分：</blockquote></p><p> Buffett was behind the idea and they build their position in STOR after it had dropped, taking advantage of the market volatility.</p><p><blockquote>巴菲特是这个想法的幕后黑手，他们在STOR下跌后利用市场波动建立了自己的头寸。</blockquote></p><p> Shortly after, STOR recovered, earning them a return that easily beat what they would have gotten from a regular rental property.</p><p><blockquote>不久之后，STOR康复了，为他们赢得的回报轻松超过了他们从普通租赁房产中获得的回报。</blockquote></p><p> When you are long-term minded like Buffett, volatility is a big plus and it explains why he likes REITs.</p><p><blockquote>当你像巴菲特一样有长远眼光时，波动性是一大优势，这解释了他为什么喜欢房地产投资信托基金。</blockquote></p><p> Reason #5: Disconnect Between <a href=\"https://laohu8.com/S/00626\">Public</a> and Private Market</p><p><blockquote>原因5：之间断开连接<a href=\"https://laohu8.com/S/00626\">公共的</a>和私人市场</blockquote></p><p> Finally, it all comes down to the price you pay.</p><p><blockquote>最后，这一切都取决于你付出的代价。</blockquote></p><p> Today, the housing market is booming with the average home appreciating by16%over the past year.</p><p><blockquote>如今，房地产市场正在蓬勃发展，过去一年平均房价上涨了16%。</blockquote></p><p> On the other hand, REITs (VNQ) are barely recovering from the crash they endured in 2020, and many individual REITs are still priced at a 20, 30, or even 40% discount to pre-crisis levels.</p><p><blockquote>另一方面，房地产投资信托基金（VNQ）几乎没有从2020年经历的崩盘中恢复过来，许多单个房地产投资信托基金的定价仍比危机前水平低20、30甚至40%。</blockquote></p><p> Put simply, REITs offer better value than private real estate, and that explains why he favors REITs.</p><p><blockquote>简而言之，房地产投资信托基金比私人房地产提供更好的价值，这解释了他为什么青睐房地产投资信托基金。</blockquote></p><p> Last year, Berkshire doubled down on STORE Capital, which has since then nicely recovered. They own $850 million worth of equity, representing 9% of the company.</p><p><blockquote>去年，伯克希尔加倍投资STORE Capital，此后该公司已恢复良好。他们拥有价值8.5亿美元的股权，占公司9%的股份。</blockquote></p><p> I bet that Berkshire would have made many more REIT investments over the past if it could. But given its large size and the strict ownership limits on REITs, most of them are too small for Berkshire.</p><p><blockquote>我敢打赌，如果可以的话，伯克希尔过去会进行更多的房地产投资信托基金投资。但鉴于其庞大的规模和房地产投资信托基金严格的所有权限制，大多数房地产投资信托基金对伯克希尔来说都太小了。</blockquote></p><p> That's one of the rare advantages that individual investors have over Buffett. You can freely invest in just any REIT, regardless of its size, and gain exposure to discounted and professionally managed real estate.</p><p><blockquote>这是个人投资者相对于巴菲特少有的优势之一。您可以自由投资任何房地产投资信托基金，无论其规模如何，并获得折扣和专业管理的房地产投资。</blockquote></p><p> Closing Note</p><p><blockquote>结束语</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> like Buffett, I favor REIT investments because they provide better risk-and-hassle adjusted returns in most cases.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>和巴菲特一样，我喜欢房地产投资信托基金投资，因为在大多数情况下，它们可以提供更好的风险和麻烦调整后回报。</blockquote></p><p> During the past 20 years, the average annual returns have been upward of 15%, with some individual REITs doing even better than that:</p><p><blockquote>过去20年，平均年回报率在15%以上，一些个别REITs的表现甚至更好：</blockquote></p><p> Could I do better by buying private properties? I seriously doubt it.</p><p><blockquote>我能通过购买私人房产做得更好吗？我严重怀疑。</blockquote></p><p> And even if I could, would it be worth it to accept much greater risk and hassle to earn a few extra points of return? Probably not.</p><p><blockquote>即使我可以，为了赚取一些额外的回报点而接受更大的风险和麻烦值得吗？应该不会吧。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Warren Buffett Buys REITs Instead Of Rental Properties<blockquote>为什么沃伦·巴菲特购买房地产投资信托基金而不是租赁房产</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Warren Buffett Buys REITs Instead Of Rental Properties<blockquote>为什么沃伦·巴菲特购买房地产投资信托基金而不是租赁房产</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seeking alpha</strong><span class=\"h-time small\">2021-07-05 10:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Summary</p><p><blockquote>总结</blockquote></p><p> <ul>  <li>Warren Buffett has a history of favoring REITs over rental properties.</li>  <li>In past shareholder meetings, he explains that he dislikes private real estate investments for a number of reasons.</li>  <li>Most importantly, he has no edge in real estate, does not want to deal with the management, and finds it difficult to find opportunities.</li>  <li>That's why he favors REITs, which he bought as recently as last year.</li>  <li>Looking for a portfolio of ideas like this <a href=\"https://laohu8.com/S/AONE\">one</a>? Members of High Yield Landlord get exclusive access to our model portfolio.Learn More »</li> </ul> Feverpitched/iStock via <a href=\"https://laohu8.com/S/GTY\">Getty</a> Images</p><p><blockquote><ul><li>沃伦·巴菲特历来青睐房地产投资信托基金而不是租赁物业。</li><li>在过去的股东大会上，他解释说，出于多种原因，他不喜欢私人房地产投资。</li><li>最重要的是，他在房地产方面没有优势，不想和管理层打交道，很难找到机会。</li><li>这就是他青睐房地产投资信托基金的原因，他去年才购买了房地产投资信托基金。</li><li>寻找这样的想法组合<a href=\"https://laohu8.com/S/AONE\">一</a>？高收益房东的成员可以独家访问我们的模型投资组合。了解更多»</li></ul>Feverpitched/iStock来自<a href=\"https://laohu8.com/S/GTY\">盖蒂</a>图像</blockquote></p><p> In previousarticles, I have explained that despite having a background in private equity real estate investing, I chose to invest my capital into REITs because they're safer and more rewarding in most cases.</p><p><blockquote>在之前的文章中，我解释过，尽管我有私募股权房地产投资背景，但我选择将资本投资于房地产投资信托基金，因为它们在大多数情况下更安全、回报更高。</blockquote></p><p> REITs are safer because they're well diversified, professionally managed, liquid, and have better access to capital.</p><p><blockquote>房地产投资信托基金更安全，因为它们多元化、专业管理、流动性强，并且可以更好地获得资本。</blockquote></p><p> They're also more rewarding because they enjoy large economies of scale, faster growth, and investors pay much lower transaction costs:</p><p><blockquote>它们的回报也更高，因为它们享有巨大的规模经济、更快的增长，而且投资者支付的交易成本也低得多：</blockquote></p><p> <i>Study shows that REITs outperform private real estate by ~4% per year:</i></p><p><blockquote><i>研究表明，房地产投资信托基金的表现每年优于私人房地产约4%：</i></blockquote></p><p> <img src=\"https://static.tigerbbs.com/08211e86e46b7ccd368944f838ce3c87\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <i>Source</i></p><p><blockquote><i>来源</i></blockquote></p><p> In short, REITs combine the benefits of real estate (high income, inflation protection, appreciation) with the benefits of stocks (liquidity, low transaction cost, professional management, diversification) into <a href=\"https://laohu8.com/S/AONE.U\">one</a> beautiful vehicle that provides better risk-and-hassle adjusted returns than rental properties.</p><p><blockquote>简而言之，REITs将房地产的好处（高收益、防通胀、升值）与股票的好处（流动性、低交易成本、专业化管理、多元化）结合成<a href=\"https://laohu8.com/S/AONE.U\">一</a>漂亮的车辆，提供比租赁物业更好的风险和麻烦调整回报。</blockquote></p><p> But don't take it just from me.</p><p><blockquote>但不要只从我这里拿走。</blockquote></p><p> Warren Buffett could build a portfolio of rental properties, and yet, he chooses to invest in REITs instead. By reviewing past annual reports of <a href=\"https://laohu8.com/S/BRK.A\">Berkshire Hathaway</a> (BRK.A) (BRK.B), we find that he has previously invested in Tanger Outlets (SKT), <a href=\"https://laohu8.com/S/GGP\">General Growth Properties</a> ((now Brookfield (BPY)), <a href=\"https://laohu8.com/S/VNO\">Vornado</a> (VNO.PK), <a href=\"https://laohu8.com/S/SRG\">Seritage Growth Properties</a> (SRG), and <a href=\"https://laohu8.com/S/STOR\">STORE Capital</a> (STOR) among others. As recently as last year, he doubled down on <a href=\"https://laohu8.com/S/STOR\">STORE Capital</a> when it dropped following the covid market crash.</p><p><blockquote>沃伦·巴菲特可以建立租赁物业投资组合，但他选择投资房地产投资信托基金。审阅本公司过往年报<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔哈撒韦</a>（BRK.A）（BRK.B），我们发现他之前投资了Tanger Outlets（SKT），<a href=\"https://laohu8.com/S/GGP\">一般生长特性</a>（（现在布鲁克菲尔德（BPY）），<a href=\"https://laohu8.com/S/VNO\">沃尔纳多</a>(VNO.PK),<a href=\"https://laohu8.com/S/SRG\">Seritage生长特性</a>(SRG)，以及<a href=\"https://laohu8.com/S/STOR\">商店资本</a>（STOR）除其他外。就在去年，他加倍下注<a href=\"https://laohu8.com/S/STOR\">商店资本</a>当它在covid市场崩盘后下跌时。</blockquote></p><p> Why doesn't he buy rentals instead?</p><p><blockquote>他为什么不买出租呢？</blockquote></p><p> That's what we will explore in today's article. Warren Buffett has often discussed this topic in past interviews, and in what follows, we will discuss the five reasons why he favors REITs over rental properties:</p><p><blockquote>这就是我们今天文章要探讨的。沃伦·巴菲特在过去的采访中经常讨论这个话题，在接下来的内容中，我们将讨论他更喜欢房地产投资信托基金而不是租赁物业的五个原因：</blockquote></p><p> Reason #1: Stick to Your Circle of Competence</p><p><blockquote>理由1：坚持你的能力圈</blockquote></p><p> Warren Buffett popularized the motto: \"Know your circle of competence, and stick within it.\"</p><p><blockquote>沃伦·巴菲特推广了这句格言：“了解你的能力圈，并坚持在其中。”</blockquote></p><p> He explains that the size of that circle is much less important than knowing its boundaries.</p><p><blockquote>他解释说，这个圆的大小远没有知道它的边界重要。</blockquote></p><p> Put differently, you cannot be a jack of all trades and need to specialize in something to truly master it.</p><p><blockquote>换句话说，你不可能成为万事通，需要专攻某件事才能真正掌握它。</blockquote></p><p> For Buffett, this was mainly consumer goods and the insurance business. Not surprisingly, he rarely invests in real estate (or even REITs) because that's out of his circle of competence.</p><p><blockquote>对巴菲特来说，这主要是消费品和保险业务。毫不奇怪，他很少投资房地产（甚至房地产投资信托基金），因为这超出了他的能力范围。</blockquote></p><p> At a shareholdermeeting, when questioned about investing in real estate, Buffett and Charlie Munger added that it's a sector in which they have no competitive advantage. They explain that REITs and large private equity firms would have better resources, expertise, scale, and relationships than them, putting Berkshire at a disadvantage if they tried to invest in real estate.</p><p><blockquote>在一次股东大会上，当被问及投资房地产时，巴菲特和查理·芒格补充说，这是一个他们没有竞争优势的行业。他们解释说，房地产投资信托基金和大型私募股权公司将比他们拥有更好的资源、专业知识、规模和关系，如果他们试图投资房地产，伯克希尔将处于不利地位。</blockquote></p><p> This is <a href=\"https://laohu8.com/S/AONE\">one</a> of the main reasons why they rather invest in the shares of REITs. It aligns them with professionals who have better resources and expertise than them.</p><p><blockquote>这是<a href=\"https://laohu8.com/S/AONE\">一</a>他们宁愿投资房地产投资信托基金股票的主要原因。它将他们与比他们拥有更好资源和专业知识的专业人士联系起来。</blockquote></p><p> As an example, STORE Capitalis the leader in sale-and-leaseback transactions in middle markets. It's a strategy that they couldn't follow on their own.</p><p><blockquote>例如，STORE Capitalis是中间市场售后回租交易的领导者。这是他们自己无法遵循的策略。</blockquote></p><p> Reason #2: Tenants, Toilets, and Trash</p><p><blockquote>原因2：租户、厕所和垃圾</blockquote></p><p> In the aftermath of the great financial crisis, Buffett famouslysaidthat if he had an easy way of managing rental properties, he would load up on them.</p><p><blockquote>在金融危机之后，巴菲特有一句名言，如果他有一种简单的方法来管理出租房产，他就会大量购买。</blockquote></p><p> Back then, property prices had recently crashed and there was a great opportunity to buy single-family houses.</p><p><blockquote>当时，房地产价格最近暴跌，有一个购买独栋房屋的大好机会。</blockquote></p><p> Even then, he didn't.</p><p><blockquote>即便如此，他也没有。</blockquote></p><p> Why you might ask?</p><p><blockquote>你可能会问为什么？</blockquote></p><p> He explains that the management of rental properties is a nightmare. It's a relatively low margin business that does not scale nicely.</p><p><blockquote>他解释说，出租物业的管理是一场噩梦。这是一项利润率相对较低的业务，规模不太大。</blockquote></p><p></p><p> Imagine you own a rental that you rent for $1,000 per month. After you have removed all expenses, your NOI is (let's say) $700 per month, resulting in an annual cash flow of $8,400. All it takes is <a href=\"https://laohu8.com/S/AONE.U\">one</a> unforeseen disappointment and your entire year's cash flow could be gone: A tenant who refuses to pay and won't move... a leaking roof that causes water damage... pipes that bust due to cold climate...</p><p><blockquote>想象一下，你拥有一套每月1000美元的出租屋。扣除所有费用后，您的NOI为（比方说）每月700美元，每年现金流为8,400美元。只需要<a href=\"https://laohu8.com/S/AONE.U\">一</a>不可预见的失望和你一整年的现金流可能会消失：一个拒绝付款也不愿搬家的房客...导致水毁的漏水屋顶...因寒冷气候而破裂的管道...</blockquote></p><p> Unless you enjoy large-scale, lowering your property management cost, it's difficult to consistently earn good returns, and on top of that, it's a big hassle that most people would rather avoid.</p><p><blockquote>除非你喜欢大规模，降低你的物业管理成本，否则很难持续获得良好的回报，最重要的是，这是一个大多数人宁愿避免的大麻烦。</blockquote></p><p> With REITs, you enjoy the benefits of scale and have professional managers handle everything for you in a cost-effective way.</p><p><blockquote>有了房地产投资信托基金，您可以享受规模效益，并让专业经理以经济高效的方式为您处理一切。</blockquote></p><p> Reason #3: No Corporate Income Tax</p><p><blockquote>原因3：没有企业所得税</blockquote></p><p> <a href=\"https://laohu8.com/S/ISBC\">Investors</a> commonly think that rental properties are more tax-efficient than REIT investments, but that's not always the case.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>人们普遍认为出租房产比房地产投资信托基金投资更节税，但情况并非总是如此。</blockquote></p><p> REITs are very tax efficient when you really think about it:</p><p><blockquote>仔细想想，房地产投资信托基金的税收效率非常高：</blockquote></p><p> <ol>  <li>They pay no corporate income tax.</li>  <li>They distribute 60%-70% of their cash, meaning that 30%-40% isn't taxed.</li>  <li>A portion of the distribution is \"return of capital,\" which isn't taxed.</li>  <li>The portion that's taxed enjoys a 20% deduction.</li>  <li>Generally, REITs are more growth-oriented real estate investments, and therefore, more than half of the total return is tax-deferred appreciation.</li> </ol> Berkshire is structured as a C-corp, and therefore, it must pay corporate tax on all its profits. For this reason, REITs are more tax efficient for Berkshire.</p><p><blockquote><ol><li>他们不缴纳企业所得税。</li><li>他们分配60%-70%的现金，这意味着30%-40%不征税。</li><li>分配的一部分是“资本回报”，不征税。</li><li>征税的部分享受20%的扣除。</li><li>一般来说，房地产投资信托基金是更注重增长的房地产投资，因此，总回报的一半以上是递延税增值。</li></ol>伯克希尔的结构是C-corp，因此，它必须为其所有利润缴纳公司税。因此，房地产投资信托基金对伯克希尔来说更具税收效率。</blockquote></p><p> Private rental properties enjoy higher yields, but slower growth.</p><p><blockquote>私人出租物业收益率较高，但增长较慢。</blockquote></p><p> REITs enjoy faster growth, but lower yields.</p><p><blockquote>房地产投资信托基金增长更快，但收益率较低。</blockquote></p><p> Berkshire would rather compound its capital via tax-deferred appreciation and avoid having to pay corporate taxes on the income generated by the investment.</p><p><blockquote>伯克希尔宁愿通过递延税增值来复利其资本，并避免为投资产生的收入缴纳公司税。</blockquote></p><p> Reason #4: Volatility Brings Opportunities</p><p><blockquote>原因4：波动性带来机遇</blockquote></p><p> Unsophisticated individual investors fear volatility. They're excessively short-term minded, fixate on daily quotes, and are quick to panic.</p><p><blockquote>不成熟的个人投资者害怕波动性。他们过于短视，专注于每日报价，很快就会恐慌。</blockquote></p><p> For these reasons, they often favor rental properties which give them a false sense of stability due to the lack of quotation.</p><p><blockquote>由于这些原因，他们往往喜欢出租物业，这给他们一种虚假的稳定感，由于缺乏报价。</blockquote></p><p> But professional investors like Warren Buffett welcome the volatility and see it as a gift. It gives them the opportunity to make investments at a discounted price, which will ultimately result in higher returns in the long run.</p><p><blockquote>但像沃伦·巴菲特这样的专业投资者欢迎波动性，并将其视为一份礼物。这让他们有机会以折扣价进行投资，从长远来看，这最终会带来更高的回报。</blockquote></p><p> In a previousinterview, Buffett explains that the real estate market moves slowly, and therefore, it's rare for large mispricing to occur. Most property owners are long-term minded and do a reasonably good job at pricing the risk and reward potential of various properties. It makes it harder for investors like him to earn abnormally strong returns.</p><p><blockquote>在之前的一次采访中，巴菲特解释说，房地产市场走势缓慢，因此很少发生大规模的错误定价。大多数业主都有长远的想法，在对各种房产的风险和回报潜力进行定价方面做得相当好。这使得像他这样的投资者更难获得异常强劲的回报。</blockquote></p><p> With REITs, there are more frequent opportunities. As an example, back in 2017, STORE Capital produced new record results, but it dropped from $30 to $20 because the retail market was out-of-favor. What the market failed to realize is that STOR earns revenue from mainly service-oriented retailers that are resilient to Amazon (AMZN) and its leases were 10+ years long.</p><p><blockquote>有了REITs，机会就更频繁了。举个例子，早在2017年，STORE Capital就创造了新的创纪录业绩，但由于零售市场失宠，从30美元跌至20美元。市场没有意识到的是，STOR的收入主要来自服务型零售商，这些零售商对亚马逊(AMZN)具有弹性，而且其租约长达10多年。</blockquote></p><p> That was a great opportunity and Berkshire seized it. Chris Volk, former CEO of STORE Capital explains the background to this investment in the below video. Skip to the 8:55 section:</p><p><blockquote>这是一个很好的机会，伯克希尔抓住了它。STORE Capital前首席执行官Chris Volk在下面的视频中解释了这项投资的背景。跳到8:55部分：</blockquote></p><p> Buffett was behind the idea and they build their position in STOR after it had dropped, taking advantage of the market volatility.</p><p><blockquote>巴菲特是这个想法的幕后黑手，他们在STOR下跌后利用市场波动建立了自己的头寸。</blockquote></p><p> Shortly after, STOR recovered, earning them a return that easily beat what they would have gotten from a regular rental property.</p><p><blockquote>不久之后，STOR康复了，为他们赢得的回报轻松超过了他们从普通租赁房产中获得的回报。</blockquote></p><p> When you are long-term minded like Buffett, volatility is a big plus and it explains why he likes REITs.</p><p><blockquote>当你像巴菲特一样有长远眼光时，波动性是一大优势，这解释了他为什么喜欢房地产投资信托基金。</blockquote></p><p> Reason #5: Disconnect Between <a href=\"https://laohu8.com/S/00626\">Public</a> and Private Market</p><p><blockquote>原因5：之间断开连接<a href=\"https://laohu8.com/S/00626\">公共的</a>和私人市场</blockquote></p><p> Finally, it all comes down to the price you pay.</p><p><blockquote>最后，这一切都取决于你付出的代价。</blockquote></p><p> Today, the housing market is booming with the average home appreciating by16%over the past year.</p><p><blockquote>如今，房地产市场正在蓬勃发展，过去一年平均房价上涨了16%。</blockquote></p><p> On the other hand, REITs (VNQ) are barely recovering from the crash they endured in 2020, and many individual REITs are still priced at a 20, 30, or even 40% discount to pre-crisis levels.</p><p><blockquote>另一方面，房地产投资信托基金（VNQ）几乎没有从2020年经历的崩盘中恢复过来，许多单个房地产投资信托基金的定价仍比危机前水平低20、30甚至40%。</blockquote></p><p> Put simply, REITs offer better value than private real estate, and that explains why he favors REITs.</p><p><blockquote>简而言之，房地产投资信托基金比私人房地产提供更好的价值，这解释了他为什么青睐房地产投资信托基金。</blockquote></p><p> Last year, Berkshire doubled down on STORE Capital, which has since then nicely recovered. They own $850 million worth of equity, representing 9% of the company.</p><p><blockquote>去年，伯克希尔加倍投资STORE Capital，此后该公司已恢复良好。他们拥有价值8.5亿美元的股权，占公司9%的股份。</blockquote></p><p> I bet that Berkshire would have made many more REIT investments over the past if it could. But given its large size and the strict ownership limits on REITs, most of them are too small for Berkshire.</p><p><blockquote>我敢打赌，如果可以的话，伯克希尔过去会进行更多的房地产投资信托基金投资。但鉴于其庞大的规模和房地产投资信托基金严格的所有权限制，大多数房地产投资信托基金对伯克希尔来说都太小了。</blockquote></p><p> That's one of the rare advantages that individual investors have over Buffett. You can freely invest in just any REIT, regardless of its size, and gain exposure to discounted and professionally managed real estate.</p><p><blockquote>这是个人投资者相对于巴菲特少有的优势之一。您可以自由投资任何房地产投资信托基金，无论其规模如何，并获得折扣和专业管理的房地产投资。</blockquote></p><p> Closing Note</p><p><blockquote>结束语</blockquote></p><p></p><p> <a href=\"https://laohu8.com/S/JE\">Just</a> like Buffett, I favor REIT investments because they provide better risk-and-hassle adjusted returns in most cases.</p><p><blockquote><a href=\"https://laohu8.com/S/JE\">刚刚</a>和巴菲特一样，我喜欢房地产投资信托基金投资，因为在大多数情况下，它们可以提供更好的风险和麻烦调整后回报。</blockquote></p><p> During the past 20 years, the average annual returns have been upward of 15%, with some individual REITs doing even better than that:</p><p><blockquote>过去20年，平均年回报率在15%以上，一些个别REITs的表现甚至更好：</blockquote></p><p> Could I do better by buying private properties? I seriously doubt it.</p><p><blockquote>我能通过购买私人房产做得更好吗？我严重怀疑。</blockquote></p><p> And even if I could, would it be worth it to accept much greater risk and hassle to earn a few extra points of return? Probably not.</p><p><blockquote>即使我可以，为了赚取一些额外的回报点而接受更大的风险和麻烦值得吗？应该不会吧。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4437280-why-warren-buffett-buys-reits-instead-of-rental-properties\">seeking alpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://seekingalpha.com/article/4437280-why-warren-buffett-buys-reits-instead-of-rental-properties","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154888582","content_text":"Summary\n\nWarren Buffett has a history of favoring REITs over rental properties.\nIn past shareholder meetings, he explains that he dislikes private real estate investments for a number of reasons.\nMost importantly, he has no edge in real estate, does not want to deal with the management, and finds it difficult to find opportunities.\nThat's why he favors REITs, which he bought as recently as last year.\nLooking for a portfolio of ideas like this one? Members of High Yield Landlord get exclusive access to our model portfolio.Learn More »\n\nFeverpitched/iStock via Getty Images\nIn previousarticles, I have explained that despite having a background in private equity real estate investing, I chose to invest my capital into REITs because they're safer and more rewarding in most cases.\nREITs are safer because they're well diversified, professionally managed, liquid, and have better access to capital.\nThey're also more rewarding because they enjoy large economies of scale, faster growth, and investors pay much lower transaction costs:\nStudy shows that REITs outperform private real estate by ~4% per year:\n\nSource\nIn short, REITs combine the benefits of real estate (high income, inflation protection, appreciation) with the benefits of stocks (liquidity, low transaction cost, professional management, diversification) into one beautiful vehicle that provides better risk-and-hassle adjusted returns than rental properties.\nBut don't take it just from me.\nWarren Buffett could build a portfolio of rental properties, and yet, he chooses to invest in REITs instead. By reviewing past annual reports of Berkshire Hathaway (BRK.A) (BRK.B), we find that he has previously invested in Tanger Outlets (SKT), General Growth Properties ((now Brookfield (BPY)), Vornado (VNO.PK), Seritage Growth Properties (SRG), and STORE Capital (STOR) among others. As recently as last year, he doubled down on STORE Capital when it dropped following the covid market crash.\nWhy doesn't he buy rentals instead?\nThat's what we will explore in today's article. Warren Buffett has often discussed this topic in past interviews, and in what follows, we will discuss the five reasons why he favors REITs over rental properties:\nReason #1: Stick to Your Circle of Competence\nWarren Buffett popularized the motto: \"Know your circle of competence, and stick within it.\"\nHe explains that the size of that circle is much less important than knowing its boundaries.\nPut differently, you cannot be a jack of all trades and need to specialize in something to truly master it.\nFor Buffett, this was mainly consumer goods and the insurance business. Not surprisingly, he rarely invests in real estate (or even REITs) because that's out of his circle of competence.\nAt a shareholdermeeting, when questioned about investing in real estate, Buffett and Charlie Munger added that it's a sector in which they have no competitive advantage. They explain that REITs and large private equity firms would have better resources, expertise, scale, and relationships than them, putting Berkshire at a disadvantage if they tried to invest in real estate.\nThis is one of the main reasons why they rather invest in the shares of REITs. It aligns them with professionals who have better resources and expertise than them.\nAs an example, STORE Capitalis the leader in sale-and-leaseback transactions in middle markets. It's a strategy that they couldn't follow on their own.\nReason #2: Tenants, Toilets, and Trash\nIn the aftermath of the great financial crisis, Buffett famouslysaidthat if he had an easy way of managing rental properties, he would load up on them.\nBack then, property prices had recently crashed and there was a great opportunity to buy single-family houses.\nEven then, he didn't.\nWhy you might ask?\nHe explains that the management of rental properties is a nightmare. It's a relatively low margin business that does not scale nicely.\nImagine you own a rental that you rent for $1,000 per month. After you have removed all expenses, your NOI is (let's say) $700 per month, resulting in an annual cash flow of $8,400. All it takes is one unforeseen disappointment and your entire year's cash flow could be gone: A tenant who refuses to pay and won't move... a leaking roof that causes water damage... pipes that bust due to cold climate...\nUnless you enjoy large-scale, lowering your property management cost, it's difficult to consistently earn good returns, and on top of that, it's a big hassle that most people would rather avoid.\nWith REITs, you enjoy the benefits of scale and have professional managers handle everything for you in a cost-effective way.\nReason #3: No Corporate Income Tax\nInvestors commonly think that rental properties are more tax-efficient than REIT investments, but that's not always the case.\nREITs are very tax efficient when you really think about it:\n\nThey pay no corporate income tax.\nThey distribute 60%-70% of their cash, meaning that 30%-40% isn't taxed.\nA portion of the distribution is \"return of capital,\" which isn't taxed.\nThe portion that's taxed enjoys a 20% deduction.\nGenerally, REITs are more growth-oriented real estate investments, and therefore, more than half of the total return is tax-deferred appreciation.\n\nBerkshire is structured as a C-corp, and therefore, it must pay corporate tax on all its profits. For this reason, REITs are more tax efficient for Berkshire.\nPrivate rental properties enjoy higher yields, but slower growth.\nREITs enjoy faster growth, but lower yields.\nBerkshire would rather compound its capital via tax-deferred appreciation and avoid having to pay corporate taxes on the income generated by the investment.\nReason #4: Volatility Brings Opportunities\nUnsophisticated individual investors fear volatility. They're excessively short-term minded, fixate on daily quotes, and are quick to panic.\nFor these reasons, they often favor rental properties which give them a false sense of stability due to the lack of quotation.\nBut professional investors like Warren Buffett welcome the volatility and see it as a gift. It gives them the opportunity to make investments at a discounted price, which will ultimately result in higher returns in the long run.\nIn a previousinterview, Buffett explains that the real estate market moves slowly, and therefore, it's rare for large mispricing to occur. Most property owners are long-term minded and do a reasonably good job at pricing the risk and reward potential of various properties. It makes it harder for investors like him to earn abnormally strong returns.\nWith REITs, there are more frequent opportunities. As an example, back in 2017, STORE Capital produced new record results, but it dropped from $30 to $20 because the retail market was out-of-favor. What the market failed to realize is that STOR earns revenue from mainly service-oriented retailers that are resilient to Amazon (AMZN) and its leases were 10+ years long.\nThat was a great opportunity and Berkshire seized it. Chris Volk, former CEO of STORE Capital explains the background to this investment in the below video. Skip to the 8:55 section:\nBuffett was behind the idea and they build their position in STOR after it had dropped, taking advantage of the market volatility.\nShortly after, STOR recovered, earning them a return that easily beat what they would have gotten from a regular rental property.\nWhen you are long-term minded like Buffett, volatility is a big plus and it explains why he likes REITs.\nReason #5: Disconnect Between Public and Private Market\nFinally, it all comes down to the price you pay.\nToday, the housing market is booming with the average home appreciating by16%over the past year.\nOn the other hand, REITs (VNQ) are barely recovering from the crash they endured in 2020, and many individual REITs are still priced at a 20, 30, or even 40% discount to pre-crisis levels.\nPut simply, REITs offer better value than private real estate, and that explains why he favors REITs.\nLast year, Berkshire doubled down on STORE Capital, which has since then nicely recovered. They own $850 million worth of equity, representing 9% of the company.\nI bet that Berkshire would have made many more REIT investments over the past if it could. But given its large size and the strict ownership limits on REITs, most of them are too small for Berkshire.\nThat's one of the rare advantages that individual investors have over Buffett. You can freely invest in just any REIT, regardless of its size, and gain exposure to discounted and professionally managed real estate.\nClosing Note\nJust like Buffett, I favor REIT investments because they provide better risk-and-hassle adjusted returns in most cases.\nDuring the past 20 years, the average annual returns have been upward of 15%, with some individual REITs doing even better than that:\nCould I do better by buying private properties? I seriously doubt it.\nAnd even if I could, would it be worth it to accept much greater risk and hassle to earn a few extra points of return? Probably not.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165058817,"gmtCreate":1624082753039,"gmtModify":1634010879281,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Pls like and comments","listText":"Pls like and comments","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/165058817","repostId":"1161408410","repostType":4,"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117303500,"gmtCreate":1623115536100,"gmtModify":1634036792328,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/117303500","repostId":"1129567729","repostType":4,"isVote":1,"tweetType":1,"viewCount":471,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104090261,"gmtCreate":1620344044153,"gmtModify":1634205988992,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573721781255613","authorIdStr":"3573721781255613"},"themes":[],"htmlText":"Please like and comment . Thanks","listText":"Please like and comment . Thanks","text":"Please like and comment . Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://laohu8.com/post/104090261","repostId":"1123939866","repostType":4,"repost":{"id":"1123939866","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620342830,"share":"https://www.laohu8.com/m/news/1123939866?lang=zh_CN&edition=full","pubTime":"2021-05-07 07:13","market":"hk","language":"en","title":"Square gets a bitcoin boost with revenue up 266%<blockquote>Square比特币增长，收入增长266%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1123939866","media":"Tiger Newspress","summary":"Square shares rose as much as 6% in after-hours trading Thursday after the company reported fiscal f","content":"<p>Square&nbsp;shares rose as much as 6% in after-hours trading Thursday after the company&nbsp;reported fiscal first-quarter earnings&nbsp;that blew past Wall Street's expectations.<img src=\"https://static.tigerbbs.com/cf038ea81aa7f2f8ad95bf04e9d86fc9\" tg-width=\"702\" tg-height=\"527\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Square公布第一财季盈利超出华尔街预期后，该公司股价在周四盘后交易中上涨6%。</blockquote></p><p>Here's how the company did:</p><p><blockquote>该公司的做法如下：</blockquote></p><p><ul><li><b>Earnings per share:</b>41 cents, adjusted, vs. 16 cents expected in a Refinitiv survey of analysts</li></ul><ul><li><b>Revenue:</b>$5.06 billion vs. $3.36 billion expected by Refinitiv</li></ul><img src=\"https://static.tigerbbs.com/91be60df3686c86a419c071c067ea8d8\" tg-width=\"772\" tg-height=\"686\" referrerpolicy=\"no-referrer\">First-quarter revenue rose to $5.06 billion, up 266% year over year, largely thanks to gains in bitcoin revenue. Net income for the quarter was $39 million.</p><p><blockquote><ul><li><b>每股盈利：</b>调整后为41美分，而Refinitiv对分析师的调查预期为16美分</li></ul><ul><li><b>收入：</b>50.6亿美元，而Refinitiv预期为33.6亿美元</li></ul>第一季度营收升至50.6亿美元，同比增长266%，这主要得益于比特币营收的增长。该季度净利润为3900万美元。</blockquote></p><p>Gross profit grew 79% year over year to $964 million in the quarter that ended Mar. 31, according to a statement.</p><p><blockquote>一份声明称，截至3月31日的季度，毛利润同比增长79%，达到9.64亿美元。</blockquote></p><p>Cash App gross profit came in at $495 million, up 171% year over year. In March, Square's peer-to-peer competitor to Venmo began offering customers the ability to instantly send bitcoin for free.</p><p><blockquote>Cash App毛利润为4.95亿美元，同比增长171%。今年3月，Square与Venmo的点对点竞争对手开始为客户提供免费即时发送比特币的功能。</blockquote></p><p>Square reported $3.5 billion in bitcoin revenue, up 11 times year over year. But bitcoin gross profit was only $75 million, or approximately 2% of revenue.</p><p><blockquote>Square公布的比特币收入为35亿美元，同比增长11倍。但比特币的毛利润仅为7500万美元，约占营收的2%。</blockquote></p><p>On the company's earnings call, CEO Jack Dorsey said Square sees bitcoin as the internet's potential to have a native currency, and the company wants to \"further that as much as we can.\"</p><p><blockquote>在公司的盈利看涨期权上，首席执行官Jack Dorsey表示，Square将比特币视为互联网拥有本土货币的潜力，该公司希望“尽我们所能进一步发展这一潜力”。</blockquote></p><p>\"Our focus, first and foremost, is on enabling ... bitcoin to be the native currency,\" said Dorsey. \"It removes a bunch of friction for our business. And we believe fully that it creates more opportunities for economic empowerment around the world.\"</p><p><blockquote>“我们的重点首先是让……比特币成为本国货币，”Dorsey说。“它消除了我们业务的一系列摩擦。我们完全相信，它为世界各地的经济赋权创造了更多机会。”</blockquote></p><p>Beyond offering users the ability to buy and sell bitcoin in the Cash App, the company also launched the Cryptocurrency Open Patent Alliance, or COPA, which is an open-source foundation for crypto patents to protect the community.</p><p><blockquote>除了为用户提供在Cash应用程序中买卖比特币的能力外，该公司还推出了加密货币开放专利联盟（COPA），这是一个保护社区的加密专利开源基金会。</blockquote></p><p>Square itself bought $50 million worth of bitcoin in October and an additional $170 million worth of bitcoin in February. The company said that as of March 31, it had lost $20 million on its bitcoin investment for the quarter, though the fair value of its investment was $472 million, based on observable market prices.</p><p><blockquote>Square本身在10月份收购了价值5000万美元的比特币，并在2月份又收购了价值1.7亿美元的比特币。该公司表示，截至3月31日，本季度比特币投资损失了2000万美元，尽管根据可观察的市场价格，其投资的公允价值为4.72亿美元。</blockquote></p><p>With respect to guidance, the company expects gross profit to grow by more than 135% year over year for its seller ecosystem and by approximately 130% year over year for its Cash App, in April.</p><p><blockquote>在指引方面，该公司预计4月份卖家生态系统的毛利润将同比增长135%以上，现金应用程序的毛利润将同比增长约130%。</blockquote></p><p>CFO Amrita Ahuja said the company expected year-over-year gross profit growth rates to moderate from April to the remainder of the second quarter, as growth comparisons get tougher in May and June.</p><p><blockquote>首席财务官Amrita Ahuja表示，随着5月和6月的增长比较变得更加严格，该公司预计从4月到第二季度剩余时间的毛利润同比增长率将放缓。</blockquote></p><p>\"We believe our customers had greater spending power from government funds, which drove an uplift in inflows in March,\" said Ahuja. \"We have since seen a normalization with inflows down 16% in April, compared to March.\"</p><p><blockquote>Ahuja表示：“我们相信，我们的客户从政府资金中获得了更大的消费能力，这推动了3月份资金流入的增加。”“此后，我们看到了正常化，与3月份相比，4月份的流入量下降了16%。”</blockquote></p><p>Excluding the after-hours move, Square stock has risen about 2.3% since the start of the year, while theNasdaqis up about 5.8% over the same period.</p><p><blockquote>排除盘后走势，Square股价自今年年初以来已上涨约2.3%，而纳斯达克指数同期上涨约5.8%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSquare gets a bitcoin boost with revenue up 266%<blockquote>Square比特币增长，收入增长266%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-05-07 07:13</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Square&nbsp;shares rose as much as 6% in after-hours trading Thursday after the company&nbsp;reported fiscal first-quarter earnings&nbsp;that blew past Wall Street's expectations.<img src=\"https://static.tigerbbs.com/cf038ea81aa7f2f8ad95bf04e9d86fc9\" tg-width=\"702\" tg-height=\"527\" referrerpolicy=\"no-referrer\"></p><p><blockquote>Square公布第一财季盈利超出华尔街预期后，该公司股价在周四盘后交易中上涨6%。</blockquote></p><p>Here's how the company did:</p><p><blockquote>该公司的做法如下：</blockquote></p><p><ul><li><b>Earnings per share:</b>41 cents, adjusted, vs. 16 cents expected in a Refinitiv survey of analysts</li></ul><ul><li><b>Revenue:</b>$5.06 billion vs. $3.36 billion expected by Refinitiv</li></ul><img src=\"https://static.tigerbbs.com/91be60df3686c86a419c071c067ea8d8\" tg-width=\"772\" tg-height=\"686\" referrerpolicy=\"no-referrer\">First-quarter revenue rose to $5.06 billion, up 266% year over year, largely thanks to gains in bitcoin revenue. Net income for the quarter was $39 million.</p><p><blockquote><ul><li><b>每股盈利：</b>调整后为41美分，而Refinitiv对分析师的调查预期为16美分</li></ul><ul><li><b>收入：</b>50.6亿美元，而Refinitiv预期为33.6亿美元</li></ul>第一季度营收升至50.6亿美元，同比增长266%，这主要得益于比特币营收的增长。该季度净利润为3900万美元。</blockquote></p><p>Gross profit grew 79% year over year to $964 million in the quarter that ended Mar. 31, according to a statement.</p><p><blockquote>一份声明称，截至3月31日的季度，毛利润同比增长79%，达到9.64亿美元。</blockquote></p><p>Cash App gross profit came in at $495 million, up 171% year over year. In March, Square's peer-to-peer competitor to Venmo began offering customers the ability to instantly send bitcoin for free.</p><p><blockquote>Cash App毛利润为4.95亿美元，同比增长171%。今年3月，Square与Venmo的点对点竞争对手开始为客户提供免费即时发送比特币的功能。</blockquote></p><p>Square reported $3.5 billion in bitcoin revenue, up 11 times year over year. But bitcoin gross profit was only $75 million, or approximately 2% of revenue.</p><p><blockquote>Square公布的比特币收入为35亿美元，同比增长11倍。但比特币的毛利润仅为7500万美元，约占营收的2%。</blockquote></p><p>On the company's earnings call, CEO Jack Dorsey said Square sees bitcoin as the internet's potential to have a native currency, and the company wants to \"further that as much as we can.\"</p><p><blockquote>在公司的盈利看涨期权上，首席执行官Jack Dorsey表示，Square将比特币视为互联网拥有本土货币的潜力，该公司希望“尽我们所能进一步发展这一潜力”。</blockquote></p><p>\"Our focus, first and foremost, is on enabling ... bitcoin to be the native currency,\" said Dorsey. \"It removes a bunch of friction for our business. And we believe fully that it creates more opportunities for economic empowerment around the world.\"</p><p><blockquote>“我们的重点首先是让……比特币成为本国货币，”Dorsey说。“它消除了我们业务的一系列摩擦。我们完全相信，它为世界各地的经济赋权创造了更多机会。”</blockquote></p><p>Beyond offering users the ability to buy and sell bitcoin in the Cash App, the company also launched the Cryptocurrency Open Patent Alliance, or COPA, which is an open-source foundation for crypto patents to protect the community.</p><p><blockquote>除了为用户提供在Cash应用程序中买卖比特币的能力外，该公司还推出了加密货币开放专利联盟（COPA），这是一个保护社区的加密专利开源基金会。</blockquote></p><p>Square itself bought $50 million worth of bitcoin in October and an additional $170 million worth of bitcoin in February. The company said that as of March 31, it had lost $20 million on its bitcoin investment for the quarter, though the fair value of its investment was $472 million, based on observable market prices.</p><p><blockquote>Square本身在10月份收购了价值5000万美元的比特币，并在2月份又收购了价值1.7亿美元的比特币。该公司表示，截至3月31日，本季度比特币投资损失了2000万美元，尽管根据可观察的市场价格，其投资的公允价值为4.72亿美元。</blockquote></p><p>With respect to guidance, the company expects gross profit to grow by more than 135% year over year for its seller ecosystem and by approximately 130% year over year for its Cash App, in April.</p><p><blockquote>在指引方面，该公司预计4月份卖家生态系统的毛利润将同比增长135%以上，现金应用程序的毛利润将同比增长约130%。</blockquote></p><p>CFO Amrita Ahuja said the company expected year-over-year gross profit growth rates to moderate from April to the remainder of the second quarter, as growth comparisons get tougher in May and June.</p><p><blockquote>首席财务官Amrita Ahuja表示，随着5月和6月的增长比较变得更加严格，该公司预计从4月到第二季度剩余时间的毛利润同比增长率将放缓。</blockquote></p><p>\"We believe our customers had greater spending power from government funds, which drove an uplift in inflows in March,\" said Ahuja. \"We have since seen a normalization with inflows down 16% in April, compared to March.\"</p><p><blockquote>Ahuja表示：“我们相信，我们的客户从政府资金中获得了更大的消费能力，这推动了3月份资金流入的增加。”“此后，我们看到了正常化，与3月份相比，4月份的流入量下降了16%。”</blockquote></p><p>Excluding the after-hours move, Square stock has risen about 2.3% since the start of the year, while theNasdaqis up about 5.8% over the same period.</p><p><blockquote>排除盘后走势，Square股价自今年年初以来已上涨约2.3%，而纳斯达克指数同期上涨约5.8%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123939866","content_text":"Square shares rose as much as 6% in after-hours trading Thursday after the company reported fiscal first-quarter earnings that blew past Wall Street's expectations.Here's how the company did:Earnings per share:41 cents, adjusted, vs. 16 cents expected in a Refinitiv survey of analystsRevenue:$5.06 billion vs. $3.36 billion expected by RefinitivFirst-quarter revenue rose to $5.06 billion, up 266% year over year, largely thanks to gains in bitcoin revenue. Net income for the quarter was $39 million.Gross profit grew 79% year over year to $964 million in the quarter that ended Mar. 31, according to a statement.Cash App gross profit came in at $495 million, up 171% year over year. In March, Square's peer-to-peer competitor to Venmo began offering customers the ability to instantly send bitcoin for free.Square reported $3.5 billion in bitcoin revenue, up 11 times year over year. But bitcoin gross profit was only $75 million, or approximately 2% of revenue.On the company's earnings call, CEO Jack Dorsey said Square sees bitcoin as the internet's potential to have a native currency, and the company wants to \"further that as much as we can.\"\"Our focus, first and foremost, is on enabling ... bitcoin to be the native currency,\" said Dorsey. \"It removes a bunch of friction for our business. And we believe fully that it creates more opportunities for economic empowerment around the world.\"Beyond offering users the ability to buy and sell bitcoin in the Cash App, the company also launched the Cryptocurrency Open Patent Alliance, or COPA, which is an open-source foundation for crypto patents to protect the community.Square itself bought $50 million worth of bitcoin in October and an additional $170 million worth of bitcoin in February. The company said that as of March 31, it had lost $20 million on its bitcoin investment for the quarter, though the fair value of its investment was $472 million, based on observable market prices.With respect to guidance, the company expects gross profit to grow by more than 135% year over year for its seller ecosystem and by approximately 130% year over year for its Cash App, in April.CFO Amrita Ahuja said the company expected year-over-year gross profit growth rates to moderate from April to the remainder of the second quarter, as growth comparisons get tougher in May and June.\"We believe our customers had greater spending power from government funds, which drove an uplift in inflows in March,\" said Ahuja. \"We have since seen a normalization with inflows down 16% in April, compared to March.\"Excluding the after-hours move, Square stock has risen about 2.3% since the start of the year, while theNasdaqis up about 5.8% over the same period.","news_type":1,"symbols_score_info":{"SQ":0.9}},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}